Goldman Sachs Asset Management (GSAM) has launched its European ETF business on Thursday. Its debut product, is the Goldman Sachs ActiveBeta U.S. Large Cap Equity UCITS ETF, a European version of their $6.5 billion flagship U.S. product, the largest milti-factor equity ETF in the world.
To complement the product that launched today on the London Stock Exchange and will be cross listed in various other European stock exchanges, the company plans to launch a range of ETFs providing access to a number of markets, asset classes and investment styles over the next six months.
The ETFs are designed to be complementary to GSAM’s active fund range and used as part of broader, diversified portfolios.
GSAM started offering ETFs in 2015 in the U.S. and currently has 19 products with $14 billion in assets under management.
For Gabriela Huerta
For Funds Society, Madrid