Are you looking to stay ahead in the world of finance and investing? One crucial trend that is not slowing down is the increasing demand for exchange-traded funds (ETFs). In fact, experts believe that firms without ETF offerings may risk losing business in the long run.
Goldman Sachs, a frontrunner in the financial world, recognizes this trend and has established the ETF Accelerator to help clients capitalize on the growing popularity of ETFs. Steve Sachs, global chief operating officer of Goldman’s ETF Accelerator, highlights the importance of offering current and new investment strategies as ETFs to stay competitive in the market.
According to Sachs, the opportunity cost of not offering ETF products can be significant. Clients may choose to move their assets to competitors who provide ETF offerings, ultimately leading to a loss of business for firms without such options.
The ETF Accelerator, launched in 2022, is a digital platform designed to assist clients in launching, listing, and managing their ETF products efficiently. This platform was created in response to a surge in client inquiries about entering the ETF space after the passage of SEC Rule 6c-11 in 2019, which aimed to simplify the process of launching ETFs.
Launching an ETF can be a complex and time-consuming process, requiring expertise, headcount, and risk management frameworks. This is where Goldman’s accelerator platform comes into play, offering clients the technology, infrastructure, and risk management expertise needed to bring ETFs to market faster and more cost-effectively.
Since its inception, the accelerator has already facilitated the launch of five ETFs, including offerings from Eagle Capital Management, GMO, and Brandes Investment Partners. These firms recognized that the journey to build their ETFs independently would be costly and time-consuming, opting to leverage Goldman’s expertise through the accelerator platform.
If you’re considering entering the world of ETFs or looking to enhance your current offerings, Goldman Sachs’ ETF Accelerator might be the solution you’re looking for. Stay ahead of the curve and seize the opportunity to deliver your investment strategies in an innovative and competitive way with the help of this cutting-edge platform.
