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Goldman Sachs Asset Management expands ETF offerings with two new funds

EditorRachael Rajan
Published 11/30/2023, 02:19 PM
© Reuters.

Goldman Sachs Asset Management (GSAM) has expanded its exchange-traded fund (ETF) lineup with the launch of two new funds on the New York Stock Exchange Arca. The new funds, GGUS and GVUS, target large- and mid-cap U.S. stocks in the growth and value categories, respectively. These additions are part of GSAM's ongoing strategy to diversify its ETF products and provide investors with a range of investment options.

The newly unveiled ETFs, GGUS and GVUS, are designed to track the performance of their respective Russell 1000 Growth and Value indexes before fees. Both funds are competitively priced at 12 basis points, aligning with market-cap-weighted Russell 1000 indexes to maintain lower turnover costs. This pricing strategy positions GSAM to attract cost-conscious investors seeking to balance their portfolios with growth and value stocks.

The firm has previously introduced a variety of ETFs, including the actively managed small-cap equity ETF, GSC, and others such as GXUS for exposure to non-U.S. markets and GMUN for investors seeking tax-exempt municipal bonds. 

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