GSAM adds to European smart-beta range with EM launch
Eyes further launches over next six months
Goldman Sachs Asset Management has added to its European smart-beta ETF range with the launch of an emerging markets equity product, with the firm preparing further launches in the coming months.
The Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF, which is the third product in the European range, will track the index of the same name and mirror an identical product currently available in the US.
Update: GSAM to launch European ETF business
It seeks to offer long-term capital growth through exposure to high-quality companies in emerging markets.
The ETF is similar to the firm's US large cap product, launched in September, in that it tracks a Goldman Sachs ActiveBeta index, which is constructed using a performance-seeking methodology with the potential to outperform the market.
Consisting of 434 securities domiciled in 25 countries, the ActiveBeta Emerging Markets Equity index weights stocks based on value, momentum, quality and low volatility.
Head of GSAM's European ETF business Peter Thompson (pictured) explained the ETF is "designed to help investors access opportunities across emerging markets in a smart, efficient way", and provides "a sophisticated route to diversification".
In a statement, GSAM said that "over the next six months" it will continue to add to its European ETF fund range, "providing access to a broad range of markets, asset classes and investment styles, based on investment strategies developed in-house".
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Head of international retail client business Nick Phillips said: "By adding emerging markets access to our expanding European Smart Beta ETF range, we hope to provide a smart yet sophisticated solution to clients' diversification needs.
"Over the coming months we will continue to draw on GSAM's expertise and experience to broaden global clients' access across asset classes and investment styles, in our bid to deliver superior risk-adjusted returns."
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