2023-04-11 10:34:34 ET
Goldman Sachs ( GS ) intends to launch a new exchange traded fund focused on the pipeline industry, with the financial institution submitting a prospectus for the Goldman Sachs North American Pipeline & Power Equity ETF.
According to the U.S. Securities and Exchange Commission filing , Goldman’s ETF aims to offer exposure to U.S. and Canadian equity-based securities that are structured as master limited partnerships, operating in the pipelines and power universe of businesses.
The prospectus defines the pipelines and power universe of stocks as companies operating within the midstream energy, liquefied petroleum gas, propane and other distributors space or the oil and gas transportation and infrastructure subsector.
The filing did not list an expense ratio, ticker symbol or direct holdings. The new Goldman Sachs ETF will find itself competing for market share alongside other MLP focused funds such as the list below:
- Alerian MLP ETF ( NYSEARCA: AMLP )
- J.P. Morgan Alerian MLP Index ETN ( NYSEARCA: AMJ )
- Global X MLP ETF ( NYSEARCA: MLPA )
- Tortoise North American Pipeline Fund ( NYSEARCA: TPYP )
- InfraCap MLP ETF ( AMZA )
In other exchange traded fund launch news, VanEck bolstered its exchange traded fund lineup last week as the issuer launched a robotics focused fund.
For further details see:
Goldman Sachs plans to launch the North American Pipeline & Power Equity ETF