VanEck Launches First U.S.-Listed ETF for Alternative Asset Managers
VanEck has introduced the VanEck Alternative Asset Manager ETF (GPZ), the first U.S.-listed exchange-traded fund offering direct exposure to major publicly traded alternative investment firms.
The fund tracks an index of asset management companies generating at least 75% of their revenue from private market sectors, including private equity, venture capital, private credit, infrastructure, and real estate. Initial top holdings include industry leaders Blackstone, Brookfield Asset Management, KKR, and Apollo.
“Access to leading alternative asset managers has expanded, but until now, there hasn’t been an ETF offering broad exposure to these firms,” said Brandon Rakszawski, VP of Product Management at VanEck. “GPZ changes that, providing investors with a comprehensive way to tap into this opportunity, and we’re excited to bring it to market at a pivotal moment for private markets.”
The ETF follows the MarketVector Alternative Asset Managers Index, which employs a modified cap-weighted methodology to ensure diversification. Eligible firms must meet specific market cap and trading volume criteria, with individual company weightings capped at 12%.
