Digi: Goldman Launches ETF Designed to Mimic Private Equity Returns

Goldman Sachs Asset Management is teaming up with MSCI to launch an ETF that aims to deliver returns similar to that of a private equity portfolio. The Goldman Sachs MSCI World Private Equity Return Tracker ETF, ticker GTPE, will track an MSCI index of publicly listed stocks designed to approximate “private equity-like returns". TPE’s portfolio holds around 1,500 global equities, with both long and short positions. Goldman's Brendan McCarthy speaks to Katie Griefeld, Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ" about the new fund, record numbers in ETF trading activity and the firm's push into the industry. (Source: Bloomberg)