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GEMD

Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) provides investors with exposure to a diversified portfolio of USD-denominated bonds issued by emerging market governments and corporations. The ETF's competitive position is bolstered by Goldman Sachs' established reputation in asset management and its ability to leverage extensive research capabilities to identify high-quality bonds in emerging markets.

Financial ServicesAsset Management - Bondslow - The ETF has low fixed costs and primarily variable costs associated with management fees, making it less sensitive to changes in AUM.

Business Overview

01Management fees from assets under management (AUM) - 100%

GEMD generates revenue primarily through management fees based on the total assets under management, which are calculated as a percentage of the fund's net asset value. The ETF benefits from Goldman Sachs' strong brand recognition and research capabilities, allowing it to select bonds with favorable risk-adjusted returns.

What Moves the Stock

Changes in interest rates affecting bond yields and pricing

Emerging market economic performance impacting credit risk

Inflation trends influencing bond attractiveness

Currency fluctuations affecting USD-denominated bonds

Watch on Earnings
Total assets under management (AUM)Management fee revenue growthExpense ratio

Risk Factors

Regulatory changes affecting emerging market investments

Geopolitical risks impacting bond issuers

Increased competition from other emerging market bond ETFs

Potential for lower fees from new entrants

Liquidity risk if significant redemptions occur

Market risk due to fluctuations in bond prices

StructuralCompetitiveBalance Sheet

Macro Sensitivity

Economic Cycle

moderate - Emerging markets are sensitive to global economic conditions, which can affect bond performance and investor sentiment.

Interest Rates

Rising interest rates typically lead to lower bond prices, impacting the ETF's NAV negatively. However, higher rates can also attract new investments if yields become more attractive.

Credit

minimal - The ETF's focus on USD-denominated bonds reduces direct exposure to local currency credit risks.

Live Conditions
30-Year TreasuryRussell 2000 FuturesS&P 500 Futures10-Year Treasury5-Year TreasuryDow Jones Futures30-Day Fed Funds2-Year Treasury

Profile

value - Investors seeking yield in a low-rate environment may find GEMD attractive due to its exposure to higher-yielding emerging market bonds.

moderate - The ETF's volatility is influenced by bond market fluctuations and emerging market risks.

Key Metrics to Watch
Total assets under management (AUM)
10-Year Treasury Yield (GS10)
High Yield Credit Spreads (BAMLH0A0HYM2)
Inflation rate (CPIAUCSL)
Emerging market GDP growth rates

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GEMD Financial Metrics

Explore 130+ historical metrics & ratios

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Data is provided for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.