Goldman Changes the Game with its Proposed ETFs
The famed investment bank Goldman Sachs has filed with the SEC to create a line of exchange-traded funds. Its first filing has its sights on emerging markets, including Brazilian, Chinese, Indian and Korean ETFs.
The fund’s index will track the top 85% of companies by market value in each country divested in the index, Bloomberg reports. The index is to be created by a firm not affiliated with Goldman Sachs and will not be actively-managed, unlike the majority of Goldman’s offerings and investment products.
Although few details have been released, analysts are expecting that the fund will cater to high net-worth investors and investment companies alike, as well as offer low expenses to cater to large investors. Goldman’s entry into exchange-traded funds is likely to be a game-changing move for the industry, which is accustomed to retail-level niche investments.



