Goldman Sachs Looks to Reinvent Technology ETFs as Themed Funds
- Strategies include the new-age consumer and human evolution
- Such products can charge a premium as fees fall toward zero
Photographer: Colonel/E+ via Getty Images
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Goldman Sachs Group Inc. wants to revolutionize tech investment with a clutch of new exchange-traded funds.
The New York-based bank’s money management arm is starting five ETFs that focus on industries where technological innovation is driving growth, such as data, finance and manufacturing, according to a statement. The new funds, which all charge $5 for every $1,000 invested, start trading Thursday.