NEW YORK, NY, December 22, 2015 - In an increasingly crowded field of new exchange-traded products, the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (Ticker: GSLC) was noted one of two “Best New ETFs of 2015” by Morningstar ETFInvestor1.
Selected from 261 ETFs launched as of December 3, 2015, the December issue of ETFInvestor article reviewed the “The Best and Worst New ETFs of 2015” and highlighted that the “low fee and relatively modest factor bets make GSLC a potential low-risk, medium-reward (relative to a cap-weighted U.S. large-cap exposure) proposition.”
“We are honored that GSLC has been mentioned as one of the best new ETFs of 2015 by Morningstar ETFInvestor. This recognition underscores our team’s commitment to producing unique investment solutions that not only meet but exceed the needs of our clients, and we look forward to being at the forefront of continued innovation in the ETF space,” said Michael Crinieri, Global Head of ETF Strategies at Goldman Sachs Asset Management (GSAM).
GSAM entered the ETF market in September with the launch of GSLC and the ActiveBeta® Emerging Markets Equity ETF (Ticker: GEM), followed by the Goldman Sachs ActiveBeta® International Equity ETF (Ticker: GSIE) in November. Unlike traditional ETFs that track a market cap-weighted index, GSAM’s ActiveBeta® ETFs track the firm’s proprietary ActiveBeta® indices, which utilize a methodology that offers the potential to outperform the market.
GSAM’s Quantitative Investment Strategies team, with approximately $65 billion in assets under management and more than 15 years of experience in managing smart beta strategies, oversees the management of the Goldman Sachs ActiveBeta® ETFs2. Since launching in September 2015, the assets of the three Goldman Sachs ActiveBeta® ETF Funds have grown to $820 million as of December 16, 2015.
