New Goldman ETFs to Track Europe, Japan Markets

  • Goldman Sachs to expand ActiveBeta suite of ETFs
  • GSEU and GSJY to track investment opportunities in Europe, Japan
  • Both began trading Friday with $25 million in assets

Goldman Sachs Asset Management announced Friday the expansion of its ActiveBeta suite of exchange-traded funds with the launch of the Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) and the Goldman Sachs ActiveBeta Japan Equity ETF (GSJY).

The funds will provide additional developed equities exposure across the globe, tracking investment opportunities in Europe and Japan, respectively.

GSEU and GSJY will seek to track GSAM’s proprietary Goldman Sachs ActiveBeta Europe Equity Index and Goldman Sachs ActiveBeta Japan Equity Index, respectively.

Steve Sachs, Head of Capital Markets, Goldman Sachs Asset Management, spoke on the topic earlier this week.

“This is our same investment approach but focusing on different areas of the world. In the markets that we’ve been in, with higher volume and lower return, allocating to multi-factor strategies resonates well with advisors,” Sachs said. “Many desire to maintain regional market representations but are looking for a smoother ride.”

Michael Crinieri, GSAM’s Global Head of ETF Strategies, said The Goldman Sachs ActiveBeta Europe Equity ETF and the Goldman Sachs ActiveBeta Japan Equity ETF leverage its global expertise to deliver access to slices of the European and Japanese markets in a sophisticated yet cost-effective manner.

“We see continued investor interest in our existing ActiveBeta ETFs, and with the launch of GSEU and GSJY, we are even better equipped to deliver investors diversified core exposure to these key markets,” Crinieri said.

The Goldman Sachs ActiveBeta Europe Equity ETF and the Goldman Sachs ActiveBeta Japan Equity ETF began trading on the NYSE Arca today, each with $25 million in assets, respectively. Both are priced competitively at a cost to investors of 25 basis points (“bps”), or 0.25%.

GSAM also announced it has agreed to waive a portion of its management fee for the Goldman Sachs ActiveBeta International Equity ETF (Ticker: GSIE), so the total annual fund operating expenses (after fee waiver and expense limitation) have decreased to 25 bps from 35 bps, which is aligned with the pricing of these two new products.