GVIP: Invest Like a Hedge Fund Manager with This ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 29 2024
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Source: Business Insider
Goldman Sachs Hedge Industry VIP ETF (GVIP):
- GVIP is an ETF that tracks the GS Hedge Fund VIP Index, focusing on U.S. hedge fund managers' top equity holdings.
- The ETF owns 47 stocks with a diversified portfolio and low concentration risk.
- Top holdings include Nvidia, Vertiv, Tenet Healthcare, AerCap Holdings, and APi Group.
- GVIP has a solid track record of performance with a five-year annualized return of 13.9%.
- Analysts rate GVIP as a Strong Buy with a price target implying 10% upside potential.
Investment Strategy:
- GVIP offers exposure to under-the-radar stocks generating excellent returns.
- The ETF's methodology uncovers hidden gems and prevents dominance by a few positions.
- It is diversified across sectors, with a focus beyond technology stocks.
- GVIP charges an expense ratio of 0.45%, below the average for all ETFs.
- Wall Street analysts recommend GVIP as a buy due to its unique strategy and performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
