Goldman Launches ETF Designed to Mimic Private Equity Returns

Goldman Sachs Asset Management is teaming up with MSCI Inc. to launch an exchange-traded fund that aims to deliver returns similar to that of a private equity portfolio.

The Goldman Sachs MSCI World Private Equity Return Tracker ETF, which begins trading on Thursday under the ticker GTPE, will track an MSCI index of publicly listed stocks designed to approximate “private equity-like returns,” according to a press release. GTPE’s portfolio holds around 1,500 global equities, with both long and short positions.

With the debut, Goldman joins a growing list of asset managers seeking to replicate private equity exposure within the easy-to-trade ...