Investing Port

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) offers broad exposure to developed market stocks outside the U.S. with Goldman’s multi-factor twist. GSIE tracks a proprietary index that takes a multi-factor approach, looking for stocks that exhibit good value, strong momentum, high quality, and low volatility. Top holdings include Nestle, Roche and Novartis.

GSIE is reasonably priced for a smart-beta approach to developed markets, though it’s still more expensive than ultra-low-cost plain-vanilla rivals like the iShares Core MSCI EAFE ETF (IEFA) and the Vanguard FTSE Developed Markets ETF (VEA). They lack fancy factors but offer similar exposure and great liquidity at a fraction of the price. There’s also competition to consider in the multi-factor space, including the JPMorgan Diversified Return International Equity ETF (JPIN) or the iShares Edge MSCI Multi-factor International ETF (INTF).