ETF Launches: May 2019

Goldman Sachs debuts sector ETFs based on Motif indexes.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

 


Goldman Sachs Motif Manufacturing Revolution ETF (GMAN)
A sector family based on Motif Indexes

In March, Goldman Sachs Asset Management (GSAM) launched a new suite of five innovation-focused ETFs using thematic benchmarks from Motif Capital Management, a wholly owned subsidiary of Motif Investing. Among the ETFs in the family was the Goldman Sachs Motif Manufacturing Revolution ETF (GMAN).

Each fund is designed to capture a different transformational change impacting the global economy.

Thematic beta—the concept underpinning Motif’s signature benchmarks—is determined by analyzing data from a range of publicly available sources, including regulatory filings, academic papers and patent filings.

Stocks are selected and weighted within each index using a proprietary algorithm. Eligible companies must have at least $500 million in market capitalization, $1 million in average daily trading volume over the past month, and at least 50 days of historical returns over the past 90 days. They must also provide at least a minimum level of exposure to the theme in question, and not exceed certain weighting caps.

GMAN covers companies involved in the use of new materials, energy sources and methods in the manufacturing process and also the manufacture of new products, including the subthemes of robotics, 3D printing, autonomous vehicles, drones and clean energy.

Source: ETF.com. Data and information as of 3/29/2019.
ETF Filings sidebar covers launches and filings for the month of March 2019.

 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.