ETF

Questions raised over business model of Goldman’s ETF Accelerator

The platform secured its first client last year but the bank is now assessing long-term options

Goldman Sachs may have overestimated demand for its exchange traded fund platform and been hindered by its relatively high-cost base, industry figures believe.

The bank has said it is assessing options for its ETF Accelerator, with a potential sale believed to be one possibility.

Goldman’s Accelerator launched in November 2022 and secured its first client in October 2023. It currently hosts 10 ETFs with combined assets of $4.1bn, including four funds operated by GMO and three by Brandes.

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