Update: GSAM to launch European ETF business

Range will be rolled out over next six months

Goldman Sachs Asset Management (GSAM) has launched a European exchange-traded fund (ETF) business with its first listing on the London Stock Exchange today (26 September).

The Goldman Sachs ActiveBeta US Large Cap Equity ETF is a European version of GSAM's flagship US-listed product, which has gathered more than $6.5bn since it was launched in September 2015 - making it the largest multi-factor equity ETF in the world, according to the company. Subsequent listings across European exchanges will follow in the near future. The rules-based, multi-factor fund is designed to provide a better risk/return profile over a whole investment cycle relative to traditional market-cap weighted indices. Over the next six months, GSAM will be expanding its "simple, s...