Goldman Sachs Asset Management has launched a new ETF, GTPE, designed to mimic private equity returns. The fund holds top stocks like Microsoft, Eli Lilly, and Palantir but tracks an index to replicate PE investments through publicly listed equities. The ETF provides liquidity and transparency for institutional and retail investors seeking exposure to PE returns without actual PE holdings.

The Goldman GTPE ETF is unique among the sea of new ETFs, actively changing its index to capture characteristics of buyouts and venture capital. Diversified across 1,550 long holdings, the fund is heavily exposed to US-based companies in sectors like IT, healthcare, and industrials. Launched on Oct. 21, the ETF has net fees of 0.50% and total assets of $20 million.

The ETF looks into 85,000 portfolio companies’ ledgers to replicate private equity returns through public equities. It offers a glimpse into where companies invest and their industry focus, creating characteristics of PE returns. For exclusive news and analysis on the evolving ETF landscape, subscribe to The Daily Upside’s ETF Upside newsletter.

Read more at Yahoo Finance: Goldman’s New Fund Designed for PE Returns, Sans the PE