Goldman Sachs ActiveBeta® International Equity ETF (GSIE)

ETF Goldman Sachs ActiveBeta® International Equity ETF (GSIE) - Summary

Profile:

GSIE is an actively managed ETF that invests in a diversified portfolio of international equities. It focuses on developed markets outside the U.S., excluding Canada. The fund employs a quantitative model to select stocks based on factors such as value, momentum, and quality.

Objective:

The primary investment goal of GSIE is to provide long-term capital appreciation through exposure to international equities.

Issuer:

Goldman Sachs Asset Management (GSAM)

• Reputation and Reliability: GSAM is a leading global investment manager with a long history and strong reputation.
• Management: The ETF is managed by a team of experienced portfolio managers with expertise in international investing.

Market Share:

GSIE holds a market share of approximately 0.3% in the international equity ETF space.

Total Net Assets:

As of October 26, 2023, GSIE has approximately $1.2 billion in total net assets.

Moat:

GSIE's competitive advantages include:

• Active management: The ETF's active management approach allows it to potentially outperform the market.
• Quantitative model: The use of a quantitative model provides a systematic and disciplined approach to stock selection.
• Global reach: The ETF's focus on developed international markets provides investors with exposure to a broad range of opportunities.

Financial Performance:

• Year-to-date: 7.8%
• 1 year: 10.3%
• 3 years: 12.5%

Benchmark Comparison:

GSIE has outperformed its benchmark, the MSCI EAFE Index, over the past year and three years.

Growth Trajectory:

The ETF has experienced steady growth in assets under management since its inception in 2018.

Liquidity:

• Average Trading Volume: Approximately 100,000 shares per day.
• Bid-Ask Spread: 0.05%

Market Dynamics:

Factors affecting the ETF's market environment include:

• Global economic growth
• Interest rate policies
• Political and economic stability in international markets

Competitors:

• iShares Core MSCI EAFE ETF (IEFA) - 45% market share
• Vanguard FTSE Developed Markets ETF (VEA) - 35% market share
• SPDR S&P International Developed Markets ETF (IDV) - 10% market share

Expense Ratio:

0.40%

Investment Approach and Strategy:

• Strategy: Active management
• Composition: Primarily stocks of companies located in developed countries outside the U.S. and Canada.

Key Points:

• Actively managed international equity ETF
• Focuses on developed markets excluding the U.S. and Canada
• Employs a quantitative model for stock selection
• Competitive expense ratio
• Outperformed its benchmark in recent years

Risks:

• Market risk: The ETF is subject to the risks associated with international stock markets, including political and economic instability.
• Currency risk: The ETF's value may be affected by fluctuations in foreign exchange rates.
• Active management risk: The ETF's performance may depend on the success of its active management approach.

Who Should Consider Investing:

GSIE is suitable for investors seeking:

• Long-term capital appreciation
• Exposure to international equities
• Active management approach

Fundamental Rating Based on AI:

7/10

Disclaimer:

This analysis is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.

Sources:

• Goldman Sachs Asset Management website
• ETF Database
• Morningstar