Goldman Sachs has filed for a new exchange-traded fund (ETF) that it is asking the SEC to exempt from the usual requirement to publish a daily breakdown of its underlying holdings.
In doing so, it becomes the latest of a small band of issuers to have sought the exemption, which was first granted to Precidian Investments in April when it created the ActiveShares ETF model that Goldman will use.
It also adds to the push of the ETF sector into areas of active management, a trend that might help mitigate signs in 2019 that passive investment fatigue might be setting in.
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