In 2023, Goldman Sachs entered the competitive ETF space with the launch of GPIQ, seeking to capitalize on the success of popular Nasdaq 100 Index ETFs like Invesco's QQQ Trust and JP Morgan's JEPQ. GPIQ boasts an impressive yield exceeding 11% and implements a more actively managed approach that uses covered calls and FLEX options, though such strategies may carry inherent risks. This ETF's focus on technology stocks, part of the bull run spurred by AI excitement, provides an avenue for accelerating wealth through direct investment strategies.
Goldman Sachs launched its GPIQ ETF in response to the popularity of existing Nasdaq 100 Index ETFs, focusing on active management and high dividends.
The GPIQ ETF adopts a business model with a yield over 11%, utilizing covered calls and FLEX options which introduce additional risk in comparison.
Investing in GPIQ through a DRIP agreement can leverage its high dividend yield to enhance overall wealth growth, especially in the technology sector.
The Nasdaq 100 Index, driven by major tech stocks like Apple and Nvidia, remains attractive to investors willing to embrace market volatility for potential gains.
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