Investment Products and Services Launches

Goldman Sachs and Wisdom Tree introduce ETFs, and Manning & Napier and SEI roll out CITs.

By Javier Simon | June 29, 2017
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Goldman Sachs Launches New ActiveBeta ETF

Goldman Sachs Asset Management today announced the launch of GSSC, the sixth product in its ActiveBeta suite of exchange traded funds (ETFs). The fund seeks to provide low-cost access to small capitalization U.S. equities by tracking GSAM’s proprietary Goldman Sachs ActiveBeta U.S. Small Cap Equity Index.

GSSC will be passively managed by GSAM’s Quantitative Investment Strategies team. 

“Over the last two years, we have focused on building a suite of innovative, low-cost ETFs that allow investors to access key markets while harnessing the time-tested benefits of a factor-diversified approach,” says Michael Crinieri, GSAM’s global head of ETF strategy. “After applying our ActiveBeta approach to large cap equities in the U.S. as well as in emerging markets, developed international equities, Europe and Japan, we are thrilled to now apply it to a market as dynamic and diverse as U.S. small cap equities.”

The index seeks to emphasize and underweight certain securities according to performance factors including value, momentum, quality and low volatility. It aims to remain broadly in-line with traditional market-cap weighted U.S. small cap indices.

“GSSC is a result of continued investor demand for products that offer a multi-factor investment approach, providing exposure to small cap equities by leveraging our quantitative investment expertise,” says Gary Chropuvka, head of customized beta strategies within the Quantitative Investment Strategies team.

NEXT: WisdomTree Sprouts New Smart Beta ETF