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 to introduce…
Goldman Reported Entering ETF Market Through IndexIQ
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.