Pretty neat.
FYI if you are sad that you can't participate in this index (for Goldman customers only), replicating it is pretty easy on your own.
- Pull up a list of companies in the S&P 500.
- Do a quick pass and decide if they are "AI" or not, or use an LLM to help you (ironic).
- Use a direct indexing platform (Frec, Wealthfront, Fidelity, Schwab, Parametric among others) to build your own index with those funds and adjust it maybe quarterly.
As a bonus the fees will be significantly lower than what Goldman will want for the same end result.
https://www.defianceetfs.com/xmag/ is S&P500 minus the Mag 7.
>for Goldman customers only
Did they make public which stocks they'll include?
Highly unlikely. They would probably make you pay and make you sign an NDA before telling you the list.
No company is ai free
Most companies predate AI and were AI-free not too long ago with very similar valuations than now.
they were and now they are not