Goldman Sachs Launches Consolidated Thematic ETF With $307 Million

The Goldman Sachs Innovate Equity ETF (XFACX) was launched on [no launch date mentioned], marking the consolidation of five thematic ETFs. The total assets at the time of launch were $307,712,434 with shares outstanding at 6,150,000.

The fund uses an algorithm that screens public information and company filings for keywords related to sub-themes within its key themes. Securities are scored for thematic relevance, and the top 100 companies in each theme are included in the underlying index.