Goldman Sachs Group Inc (NYSE: GS)'s Goldman Sachs Asset Management (GSAM) was a late entrant to the exchange-traded funds industry, bringing its first ETF to market in September. However, GSAM rapidly made its presence felt on at least two fronts: Prolific asset-gathering acumen and lower-than-average fees on strategic beta funds.
On the second point, New York-based Goldman said in a statement out Monday that, effective May 1, it is implementing a unitary management fee structure on its four ETFs. Under that new structure, GSAM will pay nearly all the expenses associated with its ETFs while investors will still pay the annual fees.
Active Beta ETFs' Success
The ...
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