NEW YORK, NY December 15, 2015 – Goldman Sachs Asset Management (“GSAM”) today announced that there will be zero capital gains distributions in 2015 in their series of ActiveBeta® Exchange-Traded Funds (“ETFs”).
Since the listing of its first ETF on September 21, 2015, GSAM has launched a total of three ETFs that seek to track the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index, the Goldman Sachs ActiveBeta® Emerging Markets Equity Index and the Goldman Sachs ActiveBeta® International Equity Index, respectively, each of which utilizes a proprietary, performance-seeking methodology that delivers the potential to outperform the market:
- The Goldman Sachs ActiveBeta® U.S Large Cap Equity ETF (Ticker: GSLC)
- The Goldman Sachs ActiveBeta® Emerging Markets Equity ETF (Ticker: GEM)
- The Goldman Sachs ActiveBeta® International Equity ETF (Ticker: GSIE)
“Our ActiveBeta® products are designed to offer investors the advantages of traditional exchange-traded funds1, such as a defined strategy, diversified exposure to stocks and low costs, with the additional opportunity to outperform the market,” said Michael Crinieri, Global Head of ETF Strategies at GSAM. “We are dedicated to providing unique, cost-efficient2 investment solutions to our clients.”
Each ActiveBeta® Index weights stocks based on four well-established attributes of performance:
- Value — The index identifies stocks from companies that may be undervalued by the rest of the market. This can help investors to gain exposure to high potential stocks that others may have overlooked.
- Momentum — The index identifies stocks with prices that have been growing. This allows investors to participate in market trends.
- Quality — The index identifies stocks from companies that demonstrate sustainable profitability over time. This enables investors to gain exposure to companies with strong fundamentals and potential for consistent returns.
- Low volatility — The index identifies stocks from companies that are likely to avoid extreme price swings. This aims to smooth out the ride, so investors can stay invested for the long term.
Since it began trading on September 21, 2015, GSLC has grown to over $202 million in assets. Since it began trading on September 29, 2015, GEM has grown to over $540 million in assets. Since it began trading on November 10, 2015, GSIE has grown to over $33 million in assets, all as of December 14, 2015. On November 30, 2015, GSLC had its single highest trading volume to date of 1,468,730 shares3.
