Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF

As the body responsible for scoring tax legislation, its analysis directly shapes U.S. tax policy, influencing corporate tax structures and capital investment decisions by U.S. entities, which profoundly affects global capital flows relevant to GEM.

This powerful committee controls U.S. taxation and trade policy, which directly impacts the profitability of U.S. companies investing in emerging markets, cross-border capital flows, and the economic performance of emerging market nations.

This committee directly regulates the U.S. financial system, including the SEC (which oversees ETFs) and the Fed, profoundly impacting the regulatory environment for Goldman Sachs and the broader financial markets where GEM operates.

Members receive classified briefings on global threats and geopolitical developments, which can provide highly material non-public information directly impacting the risk profile and investment environment of emerging market regions.

U.S. foreign policy, sanctions, and international relations directly impact geopolitical stability and economic conditions in emerging market countries, profoundly affecting the valuation of companies in which GEM invests.