We have qualitatively reviewed this strategy and reaffirmed its Average Process and People ratings. Goldman Sachs ActiveBeta Emerging Markets Equity ETF GEM is a decent though not exceptional fund. This multifactor strategy diversifies its portfolio across four well-vetted factors. But its modest active risk limits its potential to beat the MSCI Emerging Markets Index after fees. The following text is from April 10, 2023.
Goldman Sachs ActiveBeta® EMkts Eq ETF GEM
Morningstar’s Analysis GEM
Will GEM outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 20.3
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Taiwan Semiconductor Manufacturing Co Ltd | 7.70 | 70.8 Mil | Technology |
Samsung Electronics Co Ltd | 3.54 | 32.5 Mil | Technology |
Tencent Holdings Ltd | 3.01 | 27.7 Mil | Communication Services |
Alibaba Group Holding Ltd Ordinary Shares | 1.55 | 14.3 Mil | Consumer Cyclical |
Goldman Sachs FS Treasury Obligs Instl | 1.03 | 9.5 Mil | Cash and Equivalents |
Reliance Industries Ltd | 0.96 | 8.8 Mil | Energy |
SK Hynix Inc | 0.74 | 6.8 Mil | Technology |
Infosys Ltd | 0.74 | 6.8 Mil | Technology |
China Construction Bank Corp Class H | 0.73 | 6.7 Mil | Financial Services |
Tata Consultancy Services Ltd | 0.69 | 6.4 Mil | Technology |