GVIP

Goldman Sachs Hedge Industry VIP ETF

$150.41

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Goldman Sachs Hedge Industry VIP ETF (GVIP) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs Hedge Fund VIP Index.

Overview

ETF tracking Goldman Sachs Hedge Industry VIP ETF

Category Commodities

Issuer Other

Inception Date 2016-11-03

Market Cap $406.1M

Average Volume N/A

Dividend Yield 0.24%

52-Week Range $104.40 - $156.27

VWAP $150.89

Performance

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Investment Summary

📎 Investment Objective

The Goldman Sachs Hedge Industry VIP ETF (GVIP) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs Hedge Fund VIP Index.

🎯 Investment Strategy

The ETF uses a passive management approach, investing in a portfolio of securities that aims to track the underlying index. The index is designed to provide exposure to the 'very important people' (VIP) positions held by a select group of hedge funds.

✨ Key Features

Provides exposure to the 'VIP' positions of hedge funds
Passively tracks the Goldman Sachs Hedge Fund VIP Index
Low expense ratio of 0.00%
Limited assets under management ($0)

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific subset of hedge fund holdings
Liquidity risk due to the limited assets under management
Tracking error risk as the fund may not perfectly replicate the performance of the underlying index
Volatility risk as hedge fund strategies can be more volatile than broader market indices

👤 Best For

This ETF may be suitable for experienced investors seeking exposure to hedge fund investment strategies as part of a diversified portfolio. However, the limited assets and track record of the fund make it a higher-risk investment option that may not be appropriate for all investors.