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    About Goldman Sachs Asset Management

    Goldman Sachs Asset Management Awarded Most Innovative Exchange-Traded Fund (ETF) Issuer


    03/24/16

    ETF.com Awards Recognized the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (GSLC) as the Best New U.S. Equity ETF and Best New Smart Beta ETF

    New York, NY, March 24, 2016 – Goldman Sachs Asset Management (“GSAM”) announced today that it was recognized in three separate categories at the third annual ETF.com Awards in New York City, including the award for Most Innovative ETF Issuer. Additionally, the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (Ticker: GSLC) was named the Best New U.S. Equity ETF and the Best New Smart Beta/Factor ETF.1

    “It is an honor for GSAM to be recognized as an innovator in ETFs by the experts across the industry,” said Mike Crinieri, GSAM's Global Head of ETF Strategies. “With six months in the ETF marketplace, we are excited to have hit the ground running and have already seen such positive results, of which these awards are a true testament. We look forward to continuing to create innovative ETF solutions that meet the evolving needs of our clients and are recognized by our peers.”

    GSAM entered the ETF space in September 2015 with the launch of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (GSLC), which has a net expense ratio of 9 basis points, or 0.09% (after fee waiver and expense limitation); GSLC’s competitive net expense ratio was cited as one of the differentiators behind the two awards it received. Since then, GSAM has launched a full suite of ActiveBeta® ETFs that seek to track GSAM’s proprietary indices designed to offer the potential to outperform the market across various regions. In just six months, assets across GSAM’s five ETFs have grown to over $1.2 billion as of March 21, 2016.

    “GSLC is representative of our line-up of ActiveBeta® ETFs, which were designed in response to client demand to leverage our legacy of investment innovation and our deep understanding of the markets at a reasonable cost to all investors,” said Tony Kelly, Managing Director and Head of ETF Product Development at GSAM. “These accolades recognize our aim to offer investors the opportunity to capture returns from pockets of growth across US, developed international and emerging equity markets at a competitive pricing structure.”

    The ETF.com Awards recognized the people, products and firms that in 2015 were pioneering across the ETF space to deliver better investment outcomes for investors, leveraging the insights of more than 15,000 members and leaders in the exchange-traded fund community.2 The 2016 ETF.com Awards ceremony was held on March 16 in New York.

    GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which supervises $1.08 trillion in assets as of December 31, 2015.3 Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

    Media Contacts
    Andrew Williams: 212-902-5400
    Hillary Yaffe: 212-279-3115