Deutsche Börse has announced today that a Goldman Sachs Asset Management ETF is now tradable via Xetra and Börse Frankfurt for the first time. The number of ETFs in Xetra trading now reaches the 1,500 mark.
We are pleased to welcome Goldman Sachs Asset Management as new ETF issuer on Xetra. The first ETF adds a factor-based investment strategy with a US focus to our Smart Beta product offering,” says Martin Reck, Managing Director Cash Market at Deutsche Börse.
Peter Thompson, head of GSAM’s European ETF business, explains:
We have just expanded our existing fund range with ETFs and are excited to list our first product on Deutsche Börse’s Xetra market today. The suite of products we plan to launch in the coming months will enable our clients to build diversified global portfolios using a mix of active and passive investment styles.
The Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF enables an investment in US equities with high market capitalisation. The Benchmark Index uses a patented methodology to overweight and underweight the equities in the index based on several factors. The factors are “value”, “momentum”, “quality” and “low volatility”.
The product range in Deutsche Börse’s XTF segment currently comprises a total of 1,500 ETFs.