a stroll
Goldman Sachs ( GS ) is ready to launch a brand new exchange-traded fund centered on the pipeline trade, with the monetary establishment submitting a prospectus for the Goldman Sachs North American Pipelines & Energy Fairness ETF.
In accordance with the US Inventory Alternate Fee submissionThe Goldman ETF goals to supply entry to U.S. and Canadian equity-based securities which can be structured as grasp restricted partnerships working within the pipeline and vitality enterprise universes.
The prospectus defines the pipeline and vitality combination of shares as firms working within the vitality, LPG, propane and different distributors, or within the oil and gasoline transportation and infrastructure subsectors.
The assertion didn’t record an expense ratio, ticker image or direct holdings. Goldman Sachs’ new ETF will compete for market share alongside different MLP funds, such because the record beneath:
- Alerian MLP ETF (NYSEARCA: AMLP)
- JP Morgan Alerian MLP Index ETN (NYSEARCA: AMJ)
- World X MLP ETF (NYSEARCA:MLPA)
- Tortoise North American Pipeline Fund (NYSEARCA:TPYP)
- InfraCap MLP ETF (AMZA)
In different exchange-traded fund launch information, VanEck expanded its exchange-traded fund lineup final week when the issuer launched a robotics-focused fund.
