VanEck has launched its newest exchange traded fund (ETF): the VanEck Alternative Asset Manager ETF (GPZ). GPZ is the first United States-listed ETF to provide comprehensive exposure to publicly traded asset managers focused primarily on the private market spectrum, including leading names in private equity, venture capital, private credit, private infrastructure and private real estate. To be eligible for inclusion in the fund’s underlying index, companies must be “ultra-pure play,” meaning at least 75 percent of their respective revenues come from private market activities. At launch, top holdings include Blackstone, Brookfield, KKR and Apollo.
“The structural growth of private markets has been one of the major developments in finance and investing in recent years. As the various subcategories of the alternatives universe have grown, so too has the desire among individual investors and wealth managers to gain access to the diversification benefits and returns that a
