Goldman may turn hedge fund into ETF

Goldman Sachs Blink

Is Wall Street research the next frontier for ETFs?

Bloomberg News reports that Goldman Sachs has just filed for a new ETF called the Goldman Sachs Hedge Fund VIP ETF, which is based its popular 'Hedge Fund Trend Monitor' research report put out by Ben Snider, David Kostin, and other analysts from Goldman's Global Investment Research division.

The research report — and the ETF — tracks the 50 companies that matter most to fundamentally driven hedge funds as found in their 13F filings. A 13F is a quarterly holdings report required for any hedge fund company with over $100m invested in U.S. equities.

The ETF would mark the first time a Wall Street bank uses its own research report as the basis for an ETF. While this isn’t Goldman’s own investment calls per se, it does show them looking to leverage one of their greatest strengths in an ETF and differentiate itself from a crowded field of over 1,800 ETFs issued by more than 50 different companies. 

To access the complete Bloomberg News article hit the link below:

Goldman Sachs to Turn Its Hedge Fund Research Into an ETF

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