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Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG)GSIG
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Upturn Advisory Summary
09/11/2024: GSIG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 7.12% | Upturn Advisory Performance  4 | Avg. Invested days: 64 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/11/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 7.12% | Avg. Invested days: 64 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/11/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 403 | Beta 0.46 |
52 Weeks Range 43.07 - 47.76 | Updated Date 09/19/2024 |
52 Weeks Range 43.07 - 47.76 | Updated Date 09/19/2024 |
AI Summarization
ETF Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GIGG)
Profile: GIGG is a passively managed ETF that tracks the Bloomberg Barclays U.S. 1-5 Year Corporate Bond Index. It invests in investment-grade corporate bonds with maturities ranging from 1 to 5 years.
Objective: GIGG seeks to provide investors with current income and capital appreciation by tracking the performance of the underlying index.
Issuer: Goldman Sachs Asset Management is the issuer of GIGG.
Reputation and Reliability: Goldman Sachs is a leading global investment bank with a strong track record in asset management.
Management: The ETF is managed by experienced portfolio managers with expertise in fixed income markets.
Market Share: GIGG has a market share of about 1.5% in the short-term corporate bond ETF segment.
Total Net Assets: As of November 2023, GIGG has approximately $5 billion in assets under management.
Moat: GIGG's main competitive advantages include its low expense ratio, access to Goldman Sachs' research and resources, and its focus on investment-grade bonds, which offer lower risk than high-yield bonds.
Financial Performance: GIGG has historically outperformed its benchmark index, the Bloomberg U.S. Treasury Bill 1-3 Year Index.
Benchmark Comparison: Over the past three years, GIGG has delivered an annualized return of 5.2%, while the benchmark index returned 4.5%.
Growth Trajectory: The short-term corporate bond ETF segment is expected to experience continued growth due to rising interest rates and increasing demand for income-generating investments.
Liquidity: GIGG has an average daily trading volume of over 500,000 shares, making it a highly liquid ETF.
Bid-Ask Spread: The average bid-ask spread for GIGG is approximately 0.02%, indicating low trading costs.
Market Dynamics: Factors influencing the ETF's market environment include economic growth, interest rate movements, and credit quality of corporate issuers.
Competitors: Key competitors of GIGG include iShares Aaa - A Rated Corporate Bond ETF (QLTA) and Vanguard Short-Term Corporate Bond ETF (BSV).
Expense Ratio: GIGG has an expense ratio of 0.15%.
Investment approach and strategy:
Strategy: GIGG employs a passive management strategy, replicating the composition and weighting of the underlying index.
Composition: The ETF invests primarily in investment-grade corporate bonds with maturities between 1 and 5 years.
Key Points:
- Low expense ratio
- Diversified portfolio of investment-grade bonds
- Access to Goldman Sachs' research and expertise
- Historical outperformance vs. benchmark
Risks:
- Interest rate risk: Rising interest rates can negatively impact bond prices.
- Credit risk: The value of the bonds could decline if the issuers experience financial difficulties.
- Liquidity risk: While considered highly liquid, market conditions could impact trading volume and liquidity.
Who Should Consider Investing:
- Investors seeking current income and capital appreciation
- Investors with a low to moderate risk tolerance
- Investors looking for a diversified exposure to the short-term corporate bond market
Fundamental Rating Based on AI:
Based on an AI-powered analysis of various factors like financial health, market position, and future prospects, GIGG receives a Fundamental Rating of 8.5. This rating reflects its strong track record, low expense ratio, and access to Goldman Sachs' resources.
Resources and Disclaimers:
- https://www.goldmansachs.com/insights/pages/gigg-etf.html
- https://finance.yahoo.com/quote/gigg/
- https://www.bloomberg.com/quote/GIGG:US
This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF
The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is a rules-based index that is designed to measure the performance of investment grade, corporate bonds denominated in U.S. dollars with remaining maturities between one and five years that meet certain liquidity and fundamental screening criteria.
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