Goldman Sachs Defensive Equity ETF (GDEF)
Goldman Sachs Defensive Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $48.49, up 0.01% on the session, giving a market capitalisation of $7.4M. Its beta of 0.53 implies it has historically moved less than the broad market.
Under typical circumstances, this exchange-traded fund (ETF) commits at least 80% of its total assets—which include both its net assets and any funds acquired through borrowing for investment—to a diverse array of equity securities. These investments target U.S.-based companies whose publicly traded market capitalizations align with the size spectrum of companies represented in the S&P 500 Index at the time of purchase. Furthermore, the fund may also allocate capital to other financial instruments that offer comparable economic exposure.
Goldman Sachs Defensive Equity ETF is most often compared with the following Financial Services names: