29.12.2009 - Goldman Sachs looks to enter ETF industry
From Etfdb.com: Goldman Sachs has filed for approval with the Securities and Exchange Commission to launch a line of exchange-traded funds, seeking to become the latest financial giant to into the industry. According to the 40-APP filing, Goldman’s initial fund will “offer an extensive representation of the Brazilian, Indian, Chinese and Korean markets by targeting all companies with a market capitalization within the top 85% of their investable equity universe.” Goldman estimates that the fund would consist of approximately 300 to 450 constituents..........................................Full Article: Source
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