Thursday (September 16) large investment banksGoldman Sachs GroupAn actively managed ETF fund has been set up to capture future FAANG-like technology companies.The code of the ETF is GTEK (i.e. "Goldman Sachs Group Future Technology Leader" Securities ETF)Specializes in investing in technology companies with a market capitalization of less than $100 billion in emerging and developed countries.
It is reported that GTEK will look for potential future technology leaders through proactive, bottom-up stock selection and strict valuation methods. According to Goldman Sachs Group's press release, Goldman Sachs Group also plans to participate in the investment with clients. The launch of GTEK will expand Goldman Sachs Group's existing theme ETF investment. Goldman Sachs Group Asset Management's fundamental equity business manages more than $20 billion in assets and has more than 20 years of experience in technology stock investment strategies.
Katie Koch, co-head of equities at Goldman Sachs Group's asset management department, said Goldman Sachs Group was developing the next "moon landing" in technology, and GTEK was set up to keep the company at the forefront of technological subversion and continuous innovation. She said:
"We are trying to find technology companies like FAANG, and there will be companies whose share prices are expected to soar 1750 times in the future."
Katie Koch believes that many investors have overinvested in American giant technology companies.
Sung Cho, portfolio manager at GTEK, said:
"most of the innovations we have seen in technology over the past few decades have been concentrated in the US and centered on a small number of companies, but we believe we are at a critical inflection point where technological innovation will expand to other regions and market capitalization concentration will also be reduced."
Facebook Inc、Apple、Amazon、Netflix IncAndAlphabet Inc-CL CThe parent company Alphabet is collectively known as FAANG.These big technology companies have long dominated the stock market, and they remain the focus of the market, with share prices hitting record highs, both during the blockade of the epidemic and during fears of overvaluation caused by inflation.
For now,GTEK seems to be in a promising future market.. TrackingNASDAQThe index's Invesco QQQ Trust Series 1 ETF has soared more than 20 per cent so far this year, compared with an 11 per cent rise in the Invesco NASDAQ Next Gen 100ETF, which has a market capitalisation of $1.2 billion.
Prior to this, Bank of America Corporation strategists also released a list of themes of the "moon landing plan" to help stock investors seize the next key scientific and technological change. BofA believes that in equity investment, entering the next change as soon as possible is the key to successful investment.
It is worth pointing out,At present, the hottest technology active investment ETF is "wooden Sister" Cathie Wood's ARK, especially its flagship ETF ARKK.Will Goldman Sachs Group's involvement become a strong competitor to "wooden Sister"?