Goldman Sachs Asset Management released a lineup of five new exchange traded funds based on indices developed by Motif, a brokerage platform that allows investors to create their own baskets of stocks around self-created themes.
The ETFs provide exposure to five themes that Goldman Sachs believes will drive transformational change in the future. They include the Goldman Sachs Motif Data-Driven World ETF (GDAT), Goldman Sachs Motif Finance Reimagined ETF (GFIN), Goldman Sachs Motif Human Evolution ETF (GDNA), Goldman Sachs Motif Manufacturing Revolution ETF (GMAN) and the Goldman Sachs Motif New Age Consumer ETF (GBUY).
“We’re bringing together human insight and data science by leveraging innovation to invest in innovation,” said Hardeep Walia, CEO and founder of Motif, in a statement. “Our proprietary approach identifies the companies that are creating or adopting innovative technology and quantifies their relevance.”
Motif uses a rules-based methodology to analyze data and calculate a company’s “thematic beta.”