ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Future ETFs Channel
  2. GINN Has Goods for Tech Bulls
Future ETFs Channel
Share

GINN Has Goods for Tech Bulls

Tom LydonSep 15, 2021
2021-09-15

The S&P 500 Technology Index is higher by 20.5% year-to-date, an encouraging sign for investors pondering the fate of tech stocks into year-end.

With the fourth quarter just a couple of weeks away, it’s a relevant consideration. For investors that want some technology exposure in disruptive growth form without going all in on the sector, the Goldman Sachs Innovate Equity ETF (GINN A-) is a credible idea to evaluate.

GINN tracks the Solactive Innovative Global Equity Index and allocates 33.4% of its weight to tech stocks, or 540 basis points more than the S&P 500 allocates to that sector. By way of its software holdings, GINN may have some momentum into year-end. In a note to clients on Monday, Goldman Sachs analysts spoke bullishly on software names.

“We enter the Fall incrementally more positive on the Software industry given an increasingly strong demand environment and improving fundamentals,” said the Goldman analysts. “We see a supportive set-up for software stocks in the near-term.”

Dow component Microsoft (NASDAQ:MSFT), GINN’s fifth-largest holding, is one of the software names that Goldman analysts are enthusiastic about.

Microsoft could potentially “double its $60 billion cloud business, which includes Office 365 and LinkedIn’s commercial arm. The company said it would raise prices for some Office365 subscriptions last month,” reports Lucy Handey for CNBC, citing the Goldman note.

Adobe (NASDAQ:ADBE) and cloud computing juggernaut Salesforce.com (NYSE:CRM), also a Dow component, are among the other software names Goldman likes. Both are members of GINN’s roster.

Salesforce’s “robust and strategically built product portfolio spanning sales, service, marketing, ecommerce, analytics, artificial intelligence, customer applications, integration and collaboration covers virtually all aspects of Digital Transformation,” according to Goldman.

Should the bullish views on software stocks prove accurate, GINN stands to benefit, but it has other avenues to generate upside in the fourth quarter. For example, it has ties to a possible rebound in consumer confidence via its fintech and consumer discretionary exposures.

Likewise, the disruptive growth corner of the healthcare sector, GINN’s second-largest sector weight, is scuffling this year, but many on Wall Street don’t think that this condition will last as valuation on normally pricey innovative healthcare names are starting to look attractive.

Additionally, some analysts are bullish on mega-cap internet stocks, which could be a boon for GINN and its 13.4% weight to the communication services sector. Alphabet (NASDAQ:GOOG) and Facebook (NASDAQ:FB) are two of GINN’s top three holdings.

Goldman Sachs Innovative Equity ETF

For more news, information, and strategy, visit the Future ETFs Channel.


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X