From Nasdaq: 2024-06-10 06:20:05

The Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (GLOV) was recently launched as a smart beta ETF offering exposure to the Broad Developed World ETFs category. Smart beta funds aim to outperform through non-cap weighted strategies, picking stocks based on specific fundamental characteristics or a combination.

Managed by Goldman Sachs Funds, GLOV seeks to match the performance of the GOLDMAN SACHS ACTBT WORLD LW VL PL EQ ID. It holds assets of over $886.73 million and provides exposure to large and mid-cap equity securities of developed market issuers, including the US. The ETF has an expense ratio of 0.25% and a 12-month dividend yield of 1.89%.

GLOV’s top holdings include Microsoft Corp, Apple Inc, and Oreilly Automotive Inc, accounting for approximately 13.96% of its total assets. The ETF has delivered returns of 7.26% year-to-date and 18.32% over the past year, with a beta of 0.76 and standard deviation of 13.54% for the trailing three-year period. It effectively diversifies company-specific risk with about 383 holdings.

Investors seeking alternatives to GLOV can consider ETFs like iShares MSCI ACWI and Vanguard Total World Stock, each tracking different indexes and offering varying asset sizes and expense ratios. Those looking for cheaper options may explore traditional market cap weighted ETFs to match the returns of Broad Developed World ETFs.



Read more at Nasdaq: Is Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (GLOV) a Strong ETF Right Now?