Over 280 exchange-traded products debuted in the United States last year. As is the case with every annual wave of new exchange-traded funds, some are immediately successful in terms of asset gathering, others take a while to reach assets under management milestones and some just meander until they are sent to the ETF graveyard.
Goldman Sachs Group Inc (NYSE: GS) introduced its first three ETFs last year, and it is fair to say each resides in the first group of new ETFs (the immediately successful group).
That is certainly true of the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSE: GSLC), the oldest of Goldman's three ETFs.
It's All Relative
“Old” is stretching it, though, GSLC debuted mid-September. The ETF had $367.1 million in assets under management as of March 3, a tidy sum for about seven months of work.
Part of GSLC's advantage is its ...
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