GSAM adds to European smart-beta range with EM launch

Eyes further launches over next six months

Goldman Sachs Asset Management has added to its European smart-beta ETF range with the launch of an emerging markets equity product, with the firm preparing further launches in the coming months.

The Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF, which is the third product in the European range, will track the index of the same name and mirror an identical product currently available in the US. Update: GSAM to launch European ETF business It seeks to offer long-term capital growth through exposure to high-quality companies in emerging markets. The ETF is similar to the firm's US large cap product, launched in September, in that it tracks a Goldman Sachs ActiveBeta index, which is constructed using a performance-seeking methodology with the potential to outperfo...