One of the best ways to gain exposure to hot markets – at less cost is with an ETF.
Look at the latest one just launched by Goldman Sachs.
The Goldman Sachs Future Tech Leaders ETF (GTEK). At $40 a share with an expense ratio of 0.75%, the ETF offers exposure to tech stocks like Marvell Technology, MercadoLibre, HubSpot Inc., Workday, and Palo Alto Networks to name a few.
“We launched the ETF strategy because we noticed there was a growing disconnect between where investors are positioned and where we are seeing the most attractive returns over the next decade or so,” said Sung Cho, the portfolio manager of the ETF, as quoted by Yahoo Finance. “For the last 20 years, it has been focused in the U.S. and in mega cap tech companies. We believe we are at a key inflection point where innovation is expanding beyond the U.S., as well as beyond the market cap spectrum.”
All as Goldman Sachs believes investors may be over-exposed to FAANG stocks.