Goldman Sachs Asset Management (GSAM) is increasing its focus on the Swiss market by listing three ETFs on the SIX Exchange.
The decision to cross-list three ETFs comes two months after the US giant made its long-awaited entrance into the European market in September.
The three products are the Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF (GSEM), the Goldman Sachs Access China Government Bond UCITS ETF (CBND) and the Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF (GSLC).
Flow Traders will be the lead market maker on the three smart beta ETFs.
Pascal Mischler, head of client business in Switzerland at GSAM, commented: “Our clients are demanding more choice in their portfolios and we are excited to complement our existing fund range with ETFs that we believe can help simplify portfolio construction and contribute to superior risk-adjusted returns.
“The funds will be relevant to both retail and institutional clients. This is a significant addition to our Swiss product offering and we are tremendously excited to enter the fast-growing European ETF market.”
In an interview with ETF Stream, Peter Thompson, head of ETFs, EMEA, at GSAM revealed the firm is planning to launch up to 10 ETFs in Europe by the end of Q1 next year.