Goldman Sachs Asset Management (GSAM), the asset management unit of Goldman Sachs Group Inc (NYSE: GS), continued its expansion into the world of exchange-traded funds Tuesday with the launch of the firm's first emerging markets offering, the Goldman Sachs ActiveBeta® Emerging Markets Equity ETF (NYSE: GEM).
Second ETF From Goldman
The debut of the Goldman Sachs ActiveBeta® Emerging Markets Equity ETF comes just eight days after Goldman launched its first ETF, the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSE: GSLC). The ActiveBeta U.S. Large Cap Equity ETF was the "first in a series of ETFs that will track GSAM’s proprietary ActiveBeta® index, GSLC is designed to offer many of the same benefits of traditional ETFs, with the potential to outperform the market," according to a statement issued by GSAM.
The Goldman Sachs ActiveBeta® ...
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