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GDEF (Goldman Sachs Defensive Equity ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
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Under typical circumstances, this exchange-traded fund (ETF) commits at least 80% of its total assets—which include both its net assets and any funds acquired through borrowing for investment—to a diverse array of equity securities. These investments target U.S.-based companies whose publicly traded market capitalizations align with the size spectrum of companies represented in the S&P 500 Index at the time of purchase. Furthermore, the fund may also allocate capital to other financial instruments that offer comparable economic exposure.
This week opened with a deluge of 15 new ETFs on Monday, with only a single launch occurring after that. Perhaps the most notable of the debuts was the first buffer ETF from iShares.
NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management (“GSAM”), the investment adviser for the Goldman Sachs Defensive Equity ETF (the “Fund”), announced today that the Fund's Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation (the “Plan”) for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder app.
Alex von Obelitz, head of ETF strategy at Goldman Sachs Asset Management, told NYSE's Judy Shaw for “ETF Leaders, Powered by the New York Stock Exchange,” that for investors looking to play defense in their equity portfolios, the Goldman Sachs Defensive Equity ETF (GDEF) may be something worth looking into.
Goldman Sachs Asset Management has converted its defensive equity strategy into the Goldman Sachs Defensive Equity ETF (NYSE Arca: GDEF) in its first mutual fund to ETF conversion. The investment strategy and portfolio management of the ETF will be consistent with that of the mutual fund.