Green Investing ETF’s beta of 1.15 versus the market signals slightly higher volatility, but its Sharpe ratio of 1.2 is drawing appetite from risk-adjusted return seekers in the green energy space. If Vanguard enables crypto ETF access, even with tight guardrails, it adds a massive set of ongoing inflows into crypto majors. This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. This material has been prepared by Goldman Sachs Asset Management and is not financial research nor a product of Goldman Sachs Global Investment Research (GIR).  It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates.  Investors are urged to consult with their financial advisors before buying or selling any securities. This information may not be current and Goldman Sachs Asset Management has no obligation to provide any updates or changes. From a valuation standpoint, the Green Investing ETF’s weighted average P/E ratio now sits at 28.4, below last year’s high of 31, indicating possible room for multiple expansion amid stronger forward earnings.