Let Your Banking Overlords Manage Your International Affairs

I am not a big ETF guy.  I would rather let ‘The Fly’ run my growth portfolio via the GARP and hand pick a few low-beta dividend stocks for my value exposure.  This is my preferred passive approach.

However, I have zero desire to personally pick emerging market stocks.  I have no edge in geopolitics and business.  Do you know who does?  Goldman Sachs.

I imagine Goldman Sachs and their league of bankers being like the CIA.  They have an ear in every closed room and an eye on every diplomatic handshake.  I see no other firm being nearly as competent with global investing.

Apparently I’m not alone.

Since the Goldman Sachs Active Beta Emerging Markets Equity ETF (NYSE: GEM) debuted, its assets under management have ballooned from $20 million to over $170 million.  Impressive, especially since it is not even 10 days old.  Sounds like they have a few princes, institutions, and politicians already involved.  Who else moves money like that?

Ticker symbol is GEM.  I might get some.  Like anyone else with sidelined cash, I’m looking for a dip first.