Goldman joins the ETF move

• The company late last week filed to launch a series of active ETFs, naming the Goldman Sachs Equity Dividend Fund as its initial offering. In a separate filing, Goldman (NYSE:GS) is seeking approval to self-index - allowing the bank to launch funds based on its own proprietary indexes.
• Goldman hasn't said much about its ETF plans, but this summer charged a key executive to help grow its strategy. The bank five years ago filed to launch passive index-tracking ETFs, but never opened any funds.
• Goldman's move last week follows those of JPMorgan - which launched its first ETF in June - and Wells Fargo, which received a regulatory green light for ETFs in August.