Goldman Sachs Asset Management (GSAM) has rolled out its three inaugural European-domiciled ETFs on Borsa Italiana. The Wall Street giant debuted the ETFs on LSE and subsequently cross-listed them onto Xetra and SIX Swiss. Two of the ETFs provide access to equity portfolios – US and EM – that have been weighted according to a multi-factor process. The third provides broad market exposure to Chinese government bonds. Loredana La Pace, GSAM’s Country Head in Italy, commented, “These investment tools, which are important for both retail and institutional clients, represent a significant addition to our international product range. We are very excited to be entering the Italian ETF market.”

Ten new ETFs or ETF share classes were listed on the London Stock Exchange in October 2019, according to the exchange’s latest ETP monthly update, taking the total number of ETF listings on the exchange to 1,245, available through 1,794 different share classes. ETF providers issuing products during the month included Amundi, DWS, Goldman Sachs Asset Management, Invesco, State Street Global Advisors, and UBS.

Goldman Sachs Asset Management has cross-listed its European domiciled ETFs onto SIX Swiss Exchange. They include two equity funds and one fixed income fund. Pascal Mischler, Head of Goldman Sachs Asset Management’s Client Business in Switzerland, commented, “This is a significant addition to our Swiss product offering and we are tremendously excited to enter the fast-growing European ETF market.”

Goldman Sachs Asset Management (GSAM) has introduced its third European-domiciled ETF with the launch of the Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF on London Stock Exchange (GSEM LN) and Xetra (GACB GR). The fund seeks to outperform traditional emerging market benchmarks by systematically exploiting value, momentum, quality, and low volatility factor risk premia. Peter Thompson, Head of GSAM’s European ETF Business, commented, “The latest addition to our European ETF business provides investors with a sophisticated route to diversification, which leverages our quantitative investment expertise, and deep knowledge of emerging markets in a simple structure.”

Goldman Sachs Asset Management has introduced its second ETF in Europe: the Goldman Sachs Access China Government Bond UCITS ETF. The fund provides exposure to the Chinese government bond market and has been listed in London (CBND LN) and Frankfurt (GASF GR). Peter Thompson, Head of GSAM’s European ETF Business, said, “The latest addition to the GSAM European ETF range provides investors with a smart, simple solution to accessing the Chinese bond market.”

Twelve new ETFs or ETF share classes were listed on the London Stock Exchange in September 2019, taking the total number of ETF listings on the exchange to 1,241, available through 1,802 different share classes. ETF providers active during the month included BlackRock, Fidelity, Goldman Sachs Asset Management, Legal & General Investment Management, Lyxor, WisdomTree, and Vanguard.

Sit Investment Associates has partnered with white-label platform ETF Managers Group to launch an actively managed ETF that targets high-quality, short-term domestic and foreign debt securities. The ETFMG Sit Ultra Short ETF (VALT US) has listed on NYSE Arca and comes with an expense ratio of 0.30%. The fund seeks to maximize current income while preserving capital and maintaining liquidity.

Goldman Sachs Asset Management (GSAM) has made its exchange-traded fund debut in Europe with the launch of the Goldman Sachs ActiveBeta U.S. Large Cap Equity UCITS ETF (GSLC LN) on London Stock Exchange. The fund is linked to the Goldman Sachs ActiveBeta US Large Cap Equity Index, a proprietary index designed to provide higher returns at similar or lower levels of risk relative to traditional market-cap weighted indices. It sets out to achieve this by systematically exploiting four well-established equity factors – value, momentum, quality and low volatility. The fund is a carbon copy of an NYSE-listed ETF launched by GSAM in the US that has attracted over $6.5bn in assets.

The Goldman Sachs ActiveBeta US Large Cap Equity ETF (GSLC US) is proving popular with investors, having gathered over $1.4 billion in net inflows since the start of July. Assets under management in the fund, which targets returns attributable to the value, quality, momentum, and low volatility factors from a universe of stocks comparable to the S&P 500, now stand at more than $6.4bn and are up 75% year to date.

Goldman Sachs Asset Management (GSAM) has filed regulatory documents with the US Securities and Exchange Commission for the launch of six new fixed income ETFs. The funds, which are linked to indices created in collaboration with FTSE Russell, represent a significant expansion of GSAM’s fixed income ETF capabilities, increasing the number of bond ETFs offered by the firm to eleven.