Goldman Sachs Eyes Euro ETF Accelerator Sale: Reports

Goldman Sachs is exploring the sale of its ETF Accelerator platform after coming to market in 2023, according to reports from Bloomberg. 

The hub is designed to help clients launch, list, and manage their own ETF products, and is distinct from the ETF business run out of Goldman Sachs Asset Management. This essentially means that if Goldman sells or shutters the ETF accelerator, it would not affect the firm's own ETF products, which are part of Goldman Sachs AM.

Since its inception, the Accelerator platform has launched just one ETF in Europe—the AI-Enhanced European Equity ETF (EUAI)—however it pointed, to a “strong” pipeline in an interview with ETF Stream. 

Nick Carcaterra, a spokesperson for the firm, said: “We are assessing what the best long-term option is for the ETF Accelerator platform for Goldman Sachs and our clients. “No decision has been made and there are no imminent plans for a change. If we have an update to share, we will do so.” 

Goldman Sachs Exploring Sale of Accelerator ETF in Europe

EMEA head of the ETF Accelerator Rebecca Anderton-Davies recently departed just over a year-and-a-half after entering the role. 

In the U.S., meanwhile, Goldman Sachs unveiled the Brandes U.S. Small-Mid Cap Value ETF (BSMC), the Brandes U.S. Value ETF (BUSA), and the Brandes International ETF (BINV) which are all actively managed and focus on investing in undervalued equities, according to a press release. 

The funds are the first ETFs to launch from Goldman Sachs' ETF Accelerator, an ETF incubator the firm first announced . Goldman provides aspiring ETF issuers with the infrastructure with the goal to help clients get their product to market in six months or less, according to Lisa Mantil, global head of Goldman Sachs ETF Accelerator. 

Goldman helps its clients navigate the time- and capital-extensive process of rolling out an exchange-traded fund from scratch, from dealing with Securities and Exchange Commission regulatory challenges to implementing portfolios and raising fees. 

This article was originally published on our sister site, etfstream.com.