Goldman Reported Entering ETF Market Through IndexIQ

Is Goldman Sachs Group Inc (NYSE:GS) getting ready to further monetize its brand by extending into ETFs?

Such speculation is being fueled by news that Goldman Sachs is in discussions to purchase IndexIQ, a New York-based ETF provider. In fact, the discussions could result in a deal being inked within a few short weeks, Reuters is reporting, citing sources that were not authorized to speak with the media.

Goldman Sachs seeking SEC's permission to launch actively managed ETF

This past September, the prestigious investment bank, known to cater to ultra-wealthy clients and powerful institutions, was seeking U.S. Securities and Exchange permission...