News

GSAM extends ETF range to the Swiss

Swiss_exchangeGoldman Sachs Asset Management (GSAM) has extended its recently launched exchange-traded fund (ETF) business to Switzerland.

The firms has listed its first three ETFs on the Swiss stock exchange, SIX.

GSAM launched its first Europe ETF in September, listing the Goldman Sachs ActiveBeta US Large Cap Equity Ucits ETF in London.

The ETF is modelled on a US version that has around $6.5 billion (€5.9 billion) in assets under management and which is the largest multi-factor equity ETF in the world, the firm said.

Two similar products for emerging markets and China joined the family and all three are now listed in Switzerland.

GSAM said it will launch more products over the next six months.

Pascal Mischler, head of GSAM’s client business in Switzerland, said the funds will be relevant to both retail and institutional clients.

Peter Thompson, head of GSAM’s European ETF business, said: “The suite of products we plan to launch in the coming months will enable our clients to build diversified global portfolios using a mix of active and passive investment styles.

GSAM began offering ETFs in the US in September 2015 and now has 19 ETFs in the US, with over $14 billion in assets under management.

©2019 funds europe