Goldman Sachs cross lists ETFs on SIX Swiss Exchange

Nov 14th, 2019 | By | Category: Alternatives / Multi-Asset

Goldman Sachs Asset Management (GSAM) has cross-listed its European domiciled ETFs onto SIX Swiss Exchange.

Goldman Sachs lists ETFs on SIX Swiss Exchange

GSAM has cross-listed its three European ETFs on Zurich’s SIX Swiss Exchange,

GSAM launched its first ETF in Europe back in September and has since rolled out two more.

The issuer debuted on London Stock Exchange and subsequently added its funds to Xetra.

It offers two equity funds, the Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF (GSLC SW) and Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF (GSEM SW); and one fixed income fund, the Goldman Sachs Access China Government Bond UCITS ETF (CBND SW).

All three of these funds have been listed in Zurich.

The equity funds are linked to proprietary Goldman Sachs indices designed to provide higher returns at similar or lower levels of risk (as measured by volatility and drawdown) relative to traditional market-cap weighted indices by systematically exploiting four equity factors: value, momentum, quality and low volatility.

The fixed income fund is linked to an index co-developed with FTSE Russell which provides exposure to renminbi-denominated fixed-rate bonds issued by the Chinese treasury and regional Chinese governments.

Commenting on the listings, Pascal Mischler, Head of Goldman Sachs Asset Management’s Client Business in Switzerland, said: “Our clients are demanding more choice in their portfolios and we are excited to complement our existing fund range with exchange-traded funds that we believe can help simplify portfolio construction and contribute to superior risk-adjusted returns.”

He added, “The funds will be relevant to both retail and institutional clients. This is a significant addition to our Swiss product offering and we are tremendously excited to enter the fast-growing European ETF market.”

Flow Traders is the appointed market maker and liquidity provider.

GSAM becomes the twenty-sixth ETF issuer on the exchange. UBS is the market leader with 330 ETFs – trading in these ETFs accounted for more than 63% of the exchange’s entire ETF trading volume in the last full quarter.

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