Goldman Sachs Asset Management is expanding its suite of Exchange-Traded Fund (ETF) offerings for Mexican investors with the cross-listing of the Goldman Sachs ActiveBeta® Paris-Aligned Climate U.S. Large Cap Equity ETF (GPAL) and the Goldman Sachs Physical Gold ETF (AAAU) on the Mexico Stock Exchange BMV SIC.
Goldman Sachs ActiveBeta® Paris-Aligned Climate U.S. Large Cap Equity ETF tracks the Goldman Sachs ActiveBeta® Paris-Aligned U.S. Large Cap Equity Index, which seeks to align with the goals of the Paris Climate Agreement to combat climate change and its effects, leveraging our ActiveBeta® performance-seeking methodology.
“As we reflect on many investors’ growing preference for sustainable investments, we look forward to providing a solution through our well-established multi-factor approach,” explained Ramon Fernandez, who leads Goldman Sachs Asset Management’s client business for Mexico.
Additionally, Goldman Sachs Asset Management listed the Goldman Sachs Physical Gold ETF, which offers access to physical gold at a competitive price. It seeks to provide investors with a liquid, high-quality solution to accessing physical gold, offering portfolio diversification without the complexities associated with gold delivery.
“We are excited about this new listing as we look to evolve the diversification tools we provide to investors. Gold, a counter-cyclical asset, can help to diversify portfolios when market volatility is high and has historically been an effective hedge against inflation,” added Mr. Fernandez.
The Goldman Sachs ETF platform includes the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (GSLC), the world’s largest multi-factor ETF at more than $16 billion as of March 31, 2022.
Goldman Sachs Asset Management has assets under supervision of over $2 trillion as of March 31, 2022.