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Goldman Sachs To Launch ETFs
December 24, 2009 11:27 am
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As the year winds to a close, yet another major financial services company has thrown its hat into the ETF ring. Goldman Sachs filed papers with the Securities and Exchange Commission today paving the way for the investment banking giant to begin offering its own exchange-traded funds. The so-called 40-APP filing asks for broad relief from the SEC to launch a variety of funds, including equity, fixed-income and blended portfolios. However, the filing only mentions index-based ETFs—not actively managed ones—which is interesting, given that Goldman is better known for its active management strategies. Both the equity and fixed-income funds will also be allowed to utilize cash and in-kind redemptions, which should help keep spreads narrow. No mention was made of fees or what indexes would be used. A 40-APP is not a definitive signal that a firm will begin launching ETFs in the near future, but it does seem likely that 2010 could see the first ETFs from Goldman hit the market. Goldman isn’t exactly a stranger to exchange-traded products though: It launched the GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index Exchange-Traded Note (NYSEArca: GSC) in the summer of 2007. That fund currently has more than $60 million in assets, making it one of the larger ETNs currently trading. It also part of Source ETFs, a joint venture with Morgan Stanley that offers a suite of ETFs in You can read the 40-APP filing here.
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Summing Sector SPDRS = SPY?
You’d think owning the nine sector SPDRs in proportion to their weightings in the S&P 500 is a way to recreate SPY. But you’d be wrong.Round Two: Pimco Vs. BlackRock
It looks like Pimco and BlackRock are at odds again—this time it’s over QE3.-
February 08, 2012
Round Two: Pimco Vs. BlackRock It looks like Pimco and BlackRock are at odds again—this time it’s over QE3. -
February 06, 2012
iShares Plans Multi-Asset Fund-Of-Funds ETF iShares puts a fund-of-funds ETF into registration that would own stocks, bonds, REITs and preferreds. -
February 01, 2012
Van Eck Plans Slew Of Corporate Bond ETFs Van Eck plans six corporate bond funds that aim to serve up extra yield in a yield-starved world. -
February 01, 2012
Deutsche Bank Wants To Market Active ETFs Deutsche files for permission to market active ETFs—first would be a bond fund. -
January 31, 2012
iShares Plans 2 Emerging Corporates ETFs iShares plans two emerging markets corporate bond funds, including one focused on junk.
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Socializing About The Social Media ETF
Paul Baiocchi joins Dave Nadig to talk about where theme funds go astray, and why SOCL might just be the exception.
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