GSAM adds LOUP active frontier tech ETF

Goldman Sachs Asset Management expanded its ETF lineup after completing the acquisition of Innovator ETFs. The deal brings the Innovator Deepwater Frontier Tech ETF (LOUP), an actively managed fund that targets companies in artificial intelligence, robotics and autonomous vehicles.

LOUP charges a 0.70% management fee. The fund applies fundamental screens to select companies showing revenue growth and heavy investment in research and development or capital expenditures. It holds a compact portfolio that focuses on emerging technology themes rather than tracking a broad-cap benchmark.

About one-third of LOUP’s holdings are non-U.S. stocks. The fund includes widely held semiconductor names as well as smaller, less common companies such as Cerebras Systems Inc. (CBRS). CBRS was among the largest positions and rose 18.1% on a recent trading day.

Performance figures show LOUP returned 28.4% over the past 12 months, compared with a 16.8% average for the Global Equities category over the same period. The fund has also outperformed that category over three- and five-year spans and has a year-to-date lead that is narrower.

The ETF follows a concentrated, active approach that targets smaller, high-growth developers across a mix of geographies. The strategy aims to provide targeted exposure to frontier technology names while limiting overlap with large-cap tech funds.

LOUP will be integrated into GSAM’s ETF platform alongside Innovator’s other products, including buffer ETFs, as the firm brings Innovator’s active strategies into its lineup.