Goldman Sachs Group Inc (NYSE:GS).'s Goldman Sachs ETF Accelerator, a groundbreaking platform designed to serve Wall Street clients in the rapidly expanding ETF market, has seen significant growth since its launch in November 2022. The platform, under the leadership of Lisa Mantil, initially offered three strategies from Brandes Investments Partners.
The ETF Accelerator adopts a white-label business model, which reduces startup costs and proves attractive to hedge funds, insurance companies, and pension funds. This innovative approach is set to potentially revolutionize the industry.
According to Bloomberg data, active funds have achieved a record share of approximately $330 billion in the $7 trillion industry, despite constituting only 6% of the total. This surge in actively managed ETFs highlights the industrial ambition of Goldman Sachs' platform. The goal is to attract hundreds of clients and manage thousands of funds, positioning it as a potential game-changer in the ETF industry.
The Goldman Sachs ETF Accelerator's success so far underscores the increasing trend towards active fund management in the ETF market and sets a new standard for industry competitors.
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