Yesterday, Goldman Sachs Asset Management (GSAM) rolled out a broad bond ETF. The Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) tracks the FTSE Goldman Sachs US Broad Bond Market Index.
The fund comes with an expense ratio of 0.14% and lists on the NYSE Arca.
GCOR’s underlying index offers a smart beta take on the aggregate bond space, relying on fundamental and liquidity data to screen out components. The fund has a total of 219 holdings.
“GCOR will provide investors with a simple and transparent aggregate exposure that is enhanced by GSAM’s proprietary smart beta strategies, all backed by the global platform and resources of Goldman Sachs,” said GSAM Global Head of ETF Strategy Michael Crinieri.
Goldman Sachs offers six other fixed income ETFs in its “Access” family, five of which track indexes.
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