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14 hours ago

Goldman Sachs completes Innovator Capital acquisition, lifting ETF assets to $90B

Goldman Sachs said on Thursday it has completed the acquisition of active exchange-traded fund provider Innovator Capital Management, expanding the Wall Street bank's presence in the fast-growing active ETF segment.Active ETFs are among the fastest-growing areas of asset management, attracting investors with lower costs and flexible strategies at a time when returns from some passive index products have lagged.The bank said in December that it would acquire Innovator Capital, which managed 171 ETFs with about $31 billion in assets, in a deal worth about $2 billion."With this acquisition, we ha...

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14 hours ago
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