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Goldman Sachs Innovate Equity ETF

GINN

Market cap $192M

80.17 USD

-0.70

0.87%

At close Updated Sep 10, 4:00 PM EDT

1 day

-0.87%

5 days

-2.46%

1 month

-2.37%

3 months

5.68%

6 months

12.41%

Year to date

8.93%

1 year

12.25%

5 years

27.64%

10 years

58.82%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 0%

Negative 100%

Markets Rattled By New Chinese AI Model: What Investors Need To Know

New Chinese AI Model Kimi K3 is raising questions for established players. Investors are questioning whether AI industry still has pricing power.

Markets Rattled By New Chinese AI Model: What Investors Need To Know

GINN: Why I'm Not Buying

The Goldman Sachs Innovate Equity ETF aims to profit from technological breakthroughs, but has underperformed compared to broader market indexes since its inception. GINN's top holdings resemble a standard S&P 500 fund, with significant exposure to mega-cap tech companies, limiting its innovation-focused appeal. Despite its diversified mandate, GINN has a high correlation to large-cap tech and charges a relatively high management fee of 50 basis points.

GINN: Why I'm Not Buying

GINN: An Innovation Fund With Strong Portfolio Construction

Goldman Sachs Innovate Equity ETF seeks to invest in innovative businesses at the forefront of technological disruption. The GINN ETF has low weightings at the top, providing diversification and reducing concentration risk. GINN has outperformed the ARK Innovation ETF with less risk, making it an attractive option for investors interested in innovation.

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