Goldman Sachs has made a new bet on ETFs:
Goldman Sachs dipped a toe into the world of exchange-traded funds four years ago when it launched its first ETFs. Now it is diving all the way in, with a deal announced last Monday for its asset-management arm to buy Standard & Poor’s Investment Advisory Services, or SPIAS, a creator of model portfolios, which hold ETFs and mutual funds, and that are increasingly used by financial advisors.
The SPIAS business offers yet another product line for Goldman Sachs’ and other advisors to use in managing client... Subscribe or Sign In to continue reading.
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