For over the two decades, the U.S. exchange traded funds industry existed and thrived with nary a peep from Goldman Sachs Group Inc. (NYSE: GS). That changed last month when Goldman's Goldman Sachs Asset Management (GSAM) unit introduced its first ETF, the Goldman Sachs ActiveBeta US Large Cap Equity ETF (NYSE: GSLC).
New York-based Goldman may have been tardy to the ETF party, but it has announced its presence with authority. GSLC came to market with $50 million in assets under management, commitments from institutional investors. That alone made GSLC one of the most successful new ETFs to come to market this year, but Goldman's first ETF has since seen its assets swell to $64.4 million as of October 6, according to GSAM's website.
More impressive has been the debut by GSLC's emerging markets cousin, the Goldman Sachs ActiveBeta Emerging Markets ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5896793/tardy-to-the-party-but-goldman-sachs-is-already-an-etf-force alt=Tardy To The Party, But Goldman Sachs Is Already An ETF Force>Full story available on Benzinga.com
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