Goldman Sachs Asset Management (GSAM) has unveiled a private equity ETF designed to track returns in European private markets.
The Goldman Sachs MSCI World Private Equity Return Tracker Ucits ETF (GSPE) will track the MSCI index and is another example of the collaboration between the two companies that aims to provide investors with access to “private equity-like returns using public market equities”.
The passive ETF will be managed by GSAM’s quantitative investment strategies team.
It is listed on Deutsche Boerse with other listings set to follow.
According to GSAM, the fund launch is demonstrative of its “commitment to widen investor access to differentiated investment strategies”.
“We continue to see strong demand from our European client base for solutions offering diversification benefits across the liquidity spectrum,” said Hilary Lopez, head of EMEA third party wealth business at GSAM.
