Goldman riding high on the ETF boom

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (NYSE:GS) almost tripled the volume of "credit portfolio trades" this year, whereby it buys or sells large scale blocks of securities through ETFs, to around $20B globally from $7B in all of 2017, Bloomberg reports.

It's able to do this because it acts as a so-called authorized participant, whose responsibilities include supplying the securities underpinning the funds, and Wall Street rivals now want to emulate the strategy.

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