More than 200 new exchange traded products have come to market in the US, but when using asset-gathering proficiency as the prime determinant of these rookie ETFs' success, less than 20 percent can currently be deemed “successful.”
That number certainly has the potential to increase, but at the moment, there is no denying that two of the this year's most successful new ETFs hail from the hallowed halls of Goldman Sachs Group Inc. (NYSE: GS).
As was noted a month ago, the Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSE: GEM), the newer of Goldman's two ETFs, came to market with a solid commitment from institutional investors, debuting with $20 million in assets under management only to see that total rise above $178 million by October 6. GEM now has $185 million in ...
/www.benzinga.com/trading-ideas/long-ideas/15/11/5965762/goldmans-first-etf-is-off-to-a-stellar-start alt=Goldman's First ETF Is Off To A Stellar Start>Full story available on Benzinga.com
More...