Goldman Sachs Innovate Equity ETF
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- Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that seeks to track the Solactive Innovative Global Equity Index, providing investors with exposure to companies positioned to benefit from technological innovation across global markets. Launched on November 6, 2020, and domiciled in the United States, the ETF is passively managed by Goldman Sachs Asset Management, L.P., with a total expense ratio of 0.52% and typically holds 400-500 securities spanning all market capitalizations. The fund invests at least 80% of its assets in securities included in the index, emphasizing growth and value stocks in sectors such as information technology, health care, consumer discretionary, financials, and communication services; its portfolio is diversified geographically, with approximately 75% allocated to North America, 11% to developed Europe, 8% to emerging markets, and 4% to developed Asia Pacific as of September 30, 2024. The ETF targets five key disruptive themes encompassing 23 sub-themes: Data-Driven World (digital enterprise, data infrastructure, cybersecurity, Internet of Things); Finance Reimagined (digitization of finance, asset management makeover, blockchain); Human Evolution (life extension and precision medicine, robotic surgery, genomics, digital health); Manufacturing Revolution (robotics, 3D printing, future mobility, drones, clean energy); and New Age Consumer (e-commerce, social media, online gaming, online video and music, evolution of education, health and wellness, experiences over goods). Top holdings by thematic beta include Amazon.com Inc. in digital enterprise, robotics, and e-commerce; Apple Inc. in Internet of Things and digitization of finance; Tesla Inc. in future mobility; and others such as Intel Corp., Fortinet Inc., Coinbase Global Inc., Medtronic, Intuitive Surgical Inc., and CRISPR Therapeutics. The index methodology leverages advanced technology to select and weight companies based on 'thematic beta,' aiming for precise theme exposure across sectors, geographies, and market caps rather than traditional market-cap weighting. In a significant recent development, Goldman Sachs Asset Management announced on December 1, 2025, an agreement to acquire Innovator Capital Management, a pioneer in defined outcome ETFs managing $28 billion in assets under supervision across 159 strategies as of September 30, 2025; the transaction, valued at approximately $2.0 billion in cash and equity subject to performance targets, is expected to close in Q2 2026 and will expand GSAM's active ETF capabilities, positioning it as a top ten provider with over 215 global ETF strategies and $75 billion in AUS. This acquisition complements GINN's innovation focus by enhancing GSAM's ETF lineup in high-growth categories like defined outcome solutions for income, buffers, and growth. The ETF lists on NYSE Arca under ticker GINN (CUSIP 38149W820), with net assets of around $352 million as of September 30, 2024, and serves institutional and individual investors seeking thematic exposure to technological disruption.