Goldman launches ETF tracking private equity-style returns

Goldman Sachs Asset Management, in partnership with MSCI, has launched a new exchange-traded fund (ETF) designed to replicate the returns of private equity investments.

The new fund, named the Goldman Sachs MSCI World Private Equity Return Tracker ETF (GTPE), began trading on Thursday and tracks a custom MSCI index.

The index includes around 1,500 stocks globally and uses long and short positions to simulate the risk and return profile typically associated with private equity firms.

The ETF carries an annual management fee of 0.5% and is managed by Goldman’s Quantitative Investment Strategies unit, led by Oliver Bunn.

Among the index’s largest components are shares of Microsoft, Eli Lilly, and Palantir Technologies.