Goldman Sachs Asset Management makes a big bet for a certain stock market – also known as Buffer etfsuses options to help protect against market losses.
This month, Goldman Sachter agreed to buy According to the results of the defined performance provider, the eTF provider is worth $2 billion. The deal is expected to close in the first half of next year.
Bryon Lake, co-head of the firm’s third-party wealth, funds expect a The main growth engine of the industry.
“We made this agreement with the innovator. We have enjoyed this business for several years. We knew the founders he told CNBC “The Edge of ETFs. “” The determined result, in particular, is a very fast and attractive place for us. »
His vision: ETFS will solve Special issues for investors.
“They are looking for success. They seek protection from below. They are looking for further growth,” said Lake.
3.4 billion under management at the end of November.
According to Nick Ryderler, the firm’s chief investment officer, performance ether ETFs are used as part of a fund strategy built to reduce risk in some clients’ portfolios. They are used in tandem with tools such as Trend-Clard and calls.
“There are both Client’s request For that, we see a role for them in briefcases,” Ryder said.
ETFS are so attractive, he said, adding that they are attractive to investors who enter the stock market with an environmental fund.
“Properties go up and they go down. Lasting a long time, they work themselves to the right. “So for us, that category of risk equity solutions … plays a role in the portfolio, and our adoption is really driven.”