Research from ETFGI, a leading London-based exchange-traded fund consultant, shows a record number of new product providers entering the US market in 2015. The trend highlights the effect that strong growth rates in recent years have had in attracting new entrants to the ETF industry. Between 1 January and 30 September, 19 new ETF/ETP providers launched products in the US, already surpassing the full year records of 15 new entrants recorded in 2009 and 2014.

Goldman Sachs Asset Management has made their direct entry into the fast-growing exchange-traded fund space with the launch of the ActiveBeta US Large Cap Equity ETF (GSLC) on the NYSE Arca. The fund is the first in a series of so-called “ActiveBeta” ETFs that will track GSAM’s smart beta indices offering systematic multi-factor exposure to well-established drivers of long-term outperformance. “We are excited to enter the ETF market,” said Tim O’Neill, Global Co-Head of the Investment Management Division, which includes GSAM. “Our approach to ETFs continues our legacy of investment innovation and at a cost that makes them accessible to all investors.”

Source, one of Europe’s leading providers of exchange-traded funds, has announced the launch of the Source Goldman Sachs Equity Factor Index Europe UCITS ETF, the second Source ETF to be launched that provides access to Goldman Sachs’ innovative series of multi-factor “smart beta” indices. Michael John Lytle, Chief Development Officer at Source, said: “Smart beta funds have proven successful in certain markets, providing investors with the potential to generate better returns than the more common market-cap weighted benchmarks, particularly on a risk-adjusted basis.”