- GTEK favors relatively smaller, sub-$100 billion technology (defined broadly) players that are hand-picked by the Goldman Sachs Asset Management team.
- The key rationale behind selecting them for the fund's portfolio should be their exposure to technological innovation and outsized potential to deliver substantial capital appreciation.
- Launched in September 2021, a totally inopportune moment, GTEK had a few rather bright weeks, before entering a phase of the almost constant price decline, with a rough start to 2022.
- Valuation and profitability are central concerns.
- I am hesitant to turn bullish on the sub-$100 billion growth tech echelon.
For further details see:
GTEK: Alluring Investment Theme, Though Valuation, Profitability Signal Caution