Goldman Sachs Explores Options for ETF Accelerator Platform

Goldman Sachs Group Inc (NYSE:GS) is actively exploring strategic options for its ETF Accelerator platform, including a potential sale, according to reports from Bloomberg and Reuters.

The ETF Accelerator platform, distinct from Goldman Sachs Asset Management's ETF division, is designed to help the bank's institutional clients launch their own exchange-traded funds (ETFs).

A source familiar with the situation, who requested anonymity, revealed on Friday that the investment banking giant is considering the future of this service. The ETF Accelerator platform was introduced in October 2023, enabling clients to start ETFs without significant initial costs associated with establishing an in-house ETF operation. It also offers ongoing services after launch, including portfolio management, servicing, and distribution assistance.

Since its inception, the platform has facilitated the launch of 10 ETFs, including four funds from GMO and the Atlas (NYSE:ATCO) America Fund overseen by economist Nouriel Roubini.

Nick Carcaterra, a spokesperson for Goldman Sachs, confirmed the bank's deliberations, stating, "We are assessing what the best long-term option is for the ETF Accelerator platform for Goldman Sachs and our clients." He emphasized that no definitive decisions have been made regarding the platform's future, adding, "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."

The Goldman Sachs Asset Management division independently manages nearly $40 billion across its more than 40 funds, separate from the ETF Accelerator platform. The consideration of strategic alternatives indicates Goldman Sachs' ongoing evaluation of its business units to align with its long-term goals and the interests of its clients.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.