Goldman Sachs closed a $2.0 billion acquisition of ETF manager Innovator Capital Management to bolster Goldman Sachs Asset Management's defined outcome ETF offerings. The deal materially expands GSAM's product capabilities in a growing ETF niche and could accelerate fee-bearing AUM growth and competitive positioning in the ETF market.
Goldman Sachs closed a $2.0 billion acquisition of ETF manager Innovator Capital Management to bolster Goldman Sachs Asset Management's defined outcome ETF offerings. The deal materially expands GSAM's product capabilities in a growing ETF niche and could accelerate fee-bearing AUM growth and competitive positioning in the ETF market.
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