| Goldman Sachs filed a request with the SEC late last week to launch a series of actively-managed exchange-traded funds (ETFs) – making it the latest addition to the list of banking giants that have expressed an interest in the rapidly growing investment option. The bank joins Wells Fargo and JPMorgan in seeking regulatory approval to provide active ETFs to retail and institutional investors.
The move marks yet another step by Goldman Sachs to grow its asset management business as it looks to increase the share of less volatile revenue streams in its business model amid increasing regulatory pressure to downsize its riskier trading operations...............................................Full Article: Source
|