GVIP - GVIP: Goldman Fund Buying High Conviction Hedge Fund Darlings

2024-04-27 06:31:32 ET

Summary

• The Goldman Sachs Hedge Industry VIP ETF allows retail investors to gain exposure to hedge fund managers' top equity ideas.
• Hedge funds are required to disclose their positions quarterly through regulatory reporting, providing investors with insight into their holdings.
• GVIP has a history of robust performance, closely tracking the S&P 500 and Nasdaq, but with larger drawdowns during sell-offs.
• The fund contains 50 names which are present in the portfolio with an equal weight on each rebalancing date.
• The current positioning is overweight financials and industrials, rather than technology names.

Thesis

Did you ever wonder what professional money managers do? The asset management world is split between what is called 'fast money' or hedge funds, and 'real money' or traditional asset managers and pension funds. Hedge funds are called 'fast money' because their holdings can turn around very quickly, sometimes in weeks....

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