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Goldman Sachs Considers Sale of ETF Accelerator Platform Amid Strategic Review
Goldman Sachs is exploring strategic options, including a potential sale, for its ETF Accelerator platform, which assists institutional clients in launching exchange-traded funds.
Goldman Sachs is reportedly exploring strategic options for its ETF Accelerator platform, which could include a potential sale. The platform, launched in 2023, is designed to help institutional clients launch their own exchange-traded funds (ETFs). This move comes as part of a broader review of the platform's long-term strategic fit within the bank's operations. According to sources familiar with the matter, the platform is separate from Goldman Sachs' own ETF products, which are managed by its asset management division. The potential sale was first reported by Bloomberg News and has been confirmed by multiple sources, including Citywire.
The ETF Accelerator has facilitated the launch of 10 ETFs for four clients, including Brandes Investment Partners and GMO, the investment firm founded by Jeremy Grantham. Despite this, the platform's performance is modest compared to the industry, which saw a record 600 ETFs launched in 2024 alone. Analysts suggest that Goldman may have misjudged the demand for its services, as competitors like Tidal Financial Group and Alpha Architect have found greater success in the market.
Goldman Sachs spokesperson Nick Carcaterra stated that the bank is assessing the best long-term options for the platform and emphasized that no decision has been made yet. The bank remains committed to updating stakeholders as the situation develops. The exploration of options for the ETF Accelerator reflects a strategic reassessment by Goldman Sachs as it seeks to optimize its offerings and align them with market demands.
Articles published about this story
- reuters.comreuters.com
- money.usnews.commoney.usnews.com
- citywire.comcitywire.com
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