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Goldman Sachs to buy ETF sponsor Innovator in $2B cash-and-stock deal

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1 week ago

Goldman Sachs said on Monday it will buy active exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 billion, as the Wall Street bank seeks to expand in one of the fastest-growing asset management segments.Active funds have regained lost ground in the last few years as investors favor a more hands-on approach following lower returns from passively managed index products amid tighter monetary policy.Global assets in actively managed exchange-traded funds have reached $1.6 trillion, rising at a 47% compound annual growth rate since 2020, Goldman Sachs...

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1 week ago
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