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See exactly how GINN's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for GINN and 80,000+ other tickers.
This ETF is designed to closely mirror the investment returns generated by the Solactive Innovative Global Equity Index. Its performance measurement excludes the impact of any associated fees and operational expenses.
The Goldman Sachs Innovate Equity ETF aims to profit from technological breakthroughs, but has underperformed compared to broader market indexes since its inception. GINN's top holdings resemble a standard S&P 500 fund, with significant exposure to mega-cap tech companies, limiting its innovation-focused appeal. Despite its diversified mandate, GINN has a high correlation to large-cap tech and charges a relatively high management fee of 50 basis points.
Goldman Sachs Innovate Equity ETF seeks to invest in innovative businesses at the forefront of technological disruption. The GINN ETF has low weightings at the top, providing diversification and reducing concentration risk. GINN has outperformed the ARK Innovation ETF with less risk, making it an attractive option for investors interested in innovation.
While bonds have been the hottest ETF asset class in 2023, for the broader investment community, this is the year of AI investing. Just as many people no longer spell out “exchange traded funds” for ETFs, AI has become shorthand for artificial intelligence.
Harsh treatment of growth stocks this year is trying investors' patience, but the silver lining is that an assortment of stocks that are usually richly valued now look the opposite. Some exchange traded funds more than others help investors take a broad approach to undervalued stocks.
Stocks recently slipped into a bear market as highlighted by a year-to-date decline of 20% for the S&P 500. Some benchmarks are performing significantly worse than that.