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未来十年的“赢家”在哪里?高盛押注这三个领域

Where are the “winners” of the next ten years? Goldman Sachs is betting on these three areas

Wind資訊 ·  Nov 12, 2021 11:24

Goldman Sachs Group Group (Goldman Sachs Group) is offering investors new ways to reap equity returns from disruptive companies, with its asset management unit launching three exchange traded funds (ETF) focused on long-term growth trends, the Hong Kong-based Wande News Agency reported.

A statement from Goldman Sachs Group Asset Management Group said that it will launch Goldman Sachs Group future consumer rights ETF, Goldman Sachs Group future health care rights ETF and Goldman Sachs Group future real estate and infrastructure rights ETF, which will be traded on the New York Stock Exchange.

Katie Koch, co-head of basic equity at Goldman Sachs Group Asset Management, said a shift to "the theme of innovation and disruption" could help investors find greater returns over the next decade, as the traditional portfolio of 60 per cent equities and 40 per cent bonds is "very bad" and is expected to generate smaller returns than in the past decade.

She points out that these funds seek to invest in "future winners" companies and compares their proactive management ETF strategy with the "backward looking" S & P 500 benchmark. The S & P 500 is "focused" on a small number of large technology companies, she said.

The sell-off in technology stocks pushed the S & P 500 back on Wednesday, driven by higher-than-expected inflation data. However, the sell-off moderated overnight, with the index closing up 0.06 per cent on November 11th.

Kristin Kuney, portfolio manager of Goldman Sachs Group's future real estate and infrastructure stock ETF, said the fund should benefit from rising inflation and increased spending under the US Infrastructure Act. The Fund sees compelling investment opportunities on major themes such as environmental sustainability and demographic changes.

Some real estate and infrastructure investment opportunities may be related to the need of young people to pursue experiences, Kuney said. The epidemic has created a "pent-up demand" for real-life experiences such as concerts and travel.

Kuney pointed out thatHotel and camping is one of the areas considered by Goldman Sachs Group's future real estate and infrastructure stock ETF (Goldman Sachs Future Real Estate and Infrastructure Equity ETF), which is also betting on the tourism and leisure sector.. Many people have been renting or buying RVs to go to seaside and other "ideal" places, as millennials and "aging populations" are looking for destinations, she said.

Marissa Ansel (Marissa Ansell), client portfolio manager of Goldman Sachs Group's basic equity team, saidMillennials, and more and more Generation Z, are "the most powerful and destructive consumers in the history of the world.". She pointed out that when choosing stocks in different industries around the world, Goldman Sachs Group's Future Consumer Rights Fund (Goldman Sachs Future Consumer Equity ETF) will focus on "technology consumption" as well as the lifestyle preferences and values of young consumers.

The global push for green energy is growing, and the epidemic continues to disrupt people's work and consumption habits. Abhinav Zutshi, portfolio manager of Goldman Sachs Group's Future Real Estate and Infrastructure Stock Exchange traded Fund (Goldman Sachs Future Real Estate and Infrastructure Equity ETF), said at a news conference that the fund would seek to avoid assets that were "disrupted". This could include some "carbon heavy" energy infrastructure, retail real estate and "traditional" offices, he said.

As for Goldman Sachs Group Future Health Care Stock ETF (Goldman Sachs Future Health Care Equity ETF), the new fund will invest in companies that develop new therapies or technologies in areas such as genomics and technology applications.. Jenny Chang, portfolio manager of the ETF, said at a news conference that the epidemic had accelerated innovation in health care and spurred "unprecedented capital" into the sector.

In September, Goldman Sachs Group launched another ETF designed to profit from disruptive innovation. The fund, called Goldman Sachs Group Future Technology Leader ETF (Goldman Sachs Future Tech Leaders Equity ETF), invests in listed companies with a market capitalization of less than $100 billion, rather than large US technology stocks.

Edit / IrisW

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