Goldman Sachs Asset Management Adds New Private Equity ETF

Core Insights - Goldman Sachs Asset Management has launched a new ETF, the Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE), expanding its offerings to over 61 ETFs and nearing $50 billion in assets under management (AUM) [1][2] - The GTPE ETF aims to track the performance of the MSCI World Private Equity Return Tracker Index, charging a fee of 50 basis points, and is designed to provide private equity-like returns through public market equities [2][3] - The launch reflects a growing investor interest in private investments for enhanced returns and diversification, with a preference for liquid and transparent investment structures [3] Company Developments - The new GTPE ETF leverages Goldman Sachs' historical expertise in liquid private assets and aims to offer alternative investment benefits to clients [2] - The collaboration with MSCI is highlighted as a key factor in delivering an innovative index that supports investment products seeking private equity-like returns with the flexibility of public markets [3] Market Trends - There is an increasing demand among investors for exposure to private investments, particularly in the context of rising market uncertainty, which could make strategies like GTPE appealing for traditional equity portfolios [3]