- Goldman Sachs (GS -2.6%) moved to get into the ETF business in late September, filing to launch a series of actively-managed ETFs, but that may not be fast enough, as Reuters reports the bank is in discussions to acquire IndexIQ.
- Should Goldman pull it off, it could be in the ETF business within months.
- IndexIQ at the moment offers ETFs in five sectors: Hedge fund replication, commodities, real estate, real return & inflation hedge, and international.
- On the company earnings call earlier today, Goldman CFO Harvey Schwarz spoke of the bank's willingness to make acquisitions if the deal was right.
Report: Goldman in talks to buy ETF provider
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Symbol | Last Price | % Chg |
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GS | - | - |
The Goldman Sachs Group, Inc. |