The exchange traded fund (ETF) industry is attracting a lot of attention in the investment world, and another financial behemoth has taken notice of the potential revenue stream in the ETF money-management business.
The initial funds will try and reflect indexes based on the Brazilian, Chinese, Indian and Korean stock markets. The index for the initial ETF will track the top 85% of companies by market value in Brazil, China, India and Korea. Another company that is not affiliated with Goldman Sachs will be creating the index.
The ETFs offered will be traded on an exchange and are required to show the underlying securities on a daily basis.
For more information on new ETFs, visit our new ETFs category.
Max Chen contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.