Goldman Sachs Asset Management (GSAM) has introduced a new ETF that offers exposure to Treasury inflation-protected securities (TIPS) using a smart beta selection methodology. The new Goldman Sachs ETF is part of its Access fixed income ETF suite and the fourth in its range.
The new Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has an expense ratio of 0.12%.
GSAM global head of ETF strategy Michael Crinieri said: “In an inflationary economic environment, GTIP provides investors with a potential hedge through its innovative screening approach to TIPS bonds.”
“The addition of GTIP further highlights the mission of our Access ETF lineup, providing investors with lower-cost bond funds.”
The strategy tracks an index developed by GSAM in collaboration with FTSE Russell. It will be run by the global fixed income team at GSAM.
GTIP portfolio manager Jason Singer said: “TIPS present an attractive diversification opportunity for many investors with relatively low correlations to other major asset classes.
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GSAM forayed into the ETF space with the launch of the Goldman Sachs ActiveBeta US Large Cap Equity ETF in 2015. As of 2 October 2018, the asset manager reported over $10bn in assets under management across 13 ETFs.