Wall Street bank Goldman Sachs has launched an actively managed equity fund that will bet on emerging technology companies, following a trail blazed by the blockbuster success of Cathie Wood’s Ark Invest.

Goldman Sachs Asset Management said on Thursday its Future Tech Leaders ETF (GTEK) will own 60 to 80 listed global tech names that have a market capitalisation of less than $100bn. The ETF will focus on emerging chipmakers, software, financial technology and cyber security groups.

With its new fund, Goldman is seeking to tap into the booming market for actively managed “thematic” ETFs focused on up-and-coming tech groups. Wood’s Ark funds have attracted billions of dollars in new client money in recent years, tracking a powerful bull market in the tech sector, and many investment managers are now looking to benefit from the fervour.