Goldman Sachs AM to launch emerging markets ETF

Peter Thompson GSAM

Goldman Sachs Asset Management (GSAM) has expanded its European ETF range with the launch of an emerging markets product, ETF Stream can reveal.

The Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF (GSEM) is set to list on the London Stock Exchange and Xetra (GACB) on 7 November with a total expense ratio (TER) of 0.49%.

GSEM will track the performance of the Goldman Sachs ActiveBeta Emerging Markets Equity index and is a mirror of the US version which launched in September 2015.

The ETF will offer investors exposure to 434 companies across 25 countries while using four factors to look to outperform the broader benchmark; value, momentum, quality and low volatility.

Peter Thompson (pictured), head of ETFs, EMEA, at GSAM, commented: “The latest addition to our European ETF business provides investors with a route to diversification, which leverages our quantitative investment expertise, and deep knowledge of emerging markets in a simple structure.”

GSEM is GSAM’s third ETF since making its long-awaited entrance into the European market in September.

The other two offers investors exposure to the Chinese government bond market and US large caps through the Goldman Sachs Access China Government Bond UCITS ETF (CBND) and the Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF (GSLC).

In an interview with ETF Stream, Thompson revealed the firm is planning to launch up to 10 ETFs in Europe by the end of Q1 next year.

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