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    About Goldman Sachs Asset Management

    Goldman Sachs Asset Management Launches Goldman Sachs Hedge Industry VIP ETF


    11/03/16

    Goldman Sachs Hedge Industry VIP ETF (Ticker: GVIP). Seeks to Track an Index of 50 Stocks Widely Held By Hedge Fund Managers

    NEW YORK, November 3, 2016 – Goldman Sachs Asset Management (“GSAM”) today launched an ETF seeking to track the Goldman Sachs Hedge Fund VIP Index (the “Index”), a proprietary index maintained by GSAM.

    The Index includes 50 “Very-Important-Positions” – US-listed stocks that most often appear in the top 10 holdings of over 650 hedge fund managers, managing over $700 billion in equity.1 GVIP is competitively priced2 to shareholders at 45 basis points (bps) and will begin trading on the NYSE Arca, Inc. on November 3, 2016 with $20 million in assets.

    “We’re thrilled to be able to package these high conviction investment ideas from a broad array of professional investors into a cost effective, tax-efficient and convenient ETF wrapper,” said Michael Crinieri, Head of ETF Strategies at GSAM.

    The Index is constructed in accordance with a rules-based methodology derived from concepts previously developed by Goldman Sachs’ Global Investment Research division. The Index, calculated by Solactive AG, is equally weighted and includes stocks owned by hedge fund managers holding between 10 and 200 distinct equity positions as reported in their most recent Form 13F filings.3

    GSAM started offering ETFs in September 2015 with the launch of Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (Ticker: GSLC). GSAM now offers seven ETFs with $2.5 billion in assets as of September 30, 2016. GSAM most recently launched the Goldman Sachs TreasuryAccess 0-1 Year ETF (Ticker: GBIL), the first ETF to offer same-day settlement of creations and redemptions for authorized participants.

    In March 2016, GSAM was named the Most Innovative Issuer by ETF.com and GSLC was recognized as the Best New US Equity ETF and the Best New Smart Beta/Factor ETF.4

    About Goldman Sachs Asset Management

    GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which supervises over $1 trillion in assets as of September 30, 2016.5 Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

    Media Contacts:
    Andrew Williams: 212-902-5400
    Hillary Yaffe: 212-279-3115 x 231