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Goldman Sachs Asset Management Statement on the Russia-Ukraine War. Read it here.    

December 15, 2021 | Press Releases

Goldman Sachs Asset Management Announces Launch of Goldman Sachs ActiveBeta® Paris-Aligned Climate U.S. Large Cap Equity ETF

New York, NY – December 15, 2021 – Goldman Sachs Asset Management today announced the launch of the Goldman Sachs ActiveBeta® Paris-Aligned Climate U.S. Large Cap Equity ETF (“GPAL” or the “Fund”). GPAL will track the ActiveBeta® Paris-Aligned U.S. Large Cap Equity Index, which uses the patented ActiveBeta® Portfolio Construction Methodology and seeks to align with the goals of the Paris Climate Agreement to combat climate change and its effects.

“The launch of our Paris-aligned offering is a natural extension of our ActiveBeta® suite of smart beta exchange-traded funds (ETFs),” said Armen Avanessians, Global Head and Chief Investment Officer of Goldman Sachs Asset Management’s Quantitative Investment Strategies team. “This approach combines our well-established track record of managing diversified, multi-factor ETFs, with our ability to reflect many investors’ growing desire to reduce carbon emissions and more deliberately manage the transition to a low-carbon economy through our rules-based and transparent approach.”

By applying ActiveBeta® strategies, Goldman Sachs Asset Management offers investors equity exposure to four well-established, academically grounded performance factors: good value, strong momentum, high quality, and low volatility. With over $19 billion1 in assets in ActiveBeta® ETFs and established track records, ActiveBeta® provides investors the opportunity to outperform a traditional market-cap based benchmark, by employing a diversified set of well-established factors in a benchmark-aware, transparent, and lower cost2 manner.

“We continue to enhance our offerings of smart beta equity ETFs, working closely with our Quantitative Investment Strategies team to develop new and innovative products such as this,” said Goldman Sachs Asset Management’s Global Head of ETFs, Michael Crinieri. “GPAL will provide investors U.S. equity exposure, aligned with the goals of the Paris Climate Agreement, in a competitively priced vehicle backed by the global platform and resources of Goldman Sachs.”  

Goldman Sachs Asset Management entered the ETF space in September 2015 with the launch of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity ETF (“GSLC”). Since then, Goldman Sachs Asset Management has launched a full suite of ActiveBeta® ETFs, which GPAL will join and build on the $27 billion managed on the Goldman Sachs ETF platform.

For more information on the Goldman Sachs ActiveBeta® Paris-Aligned Climate U.S. Large Cap Equity ETF visit gsam.com/etfs.

 

About Goldman Sachs Asset Management

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market – overseeing more than $2 trillion in assets under supervision worldwide as of September 30, 20213. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time.  Follow us on LinkedIn.


Media Contact:

Avery Reed | Goldman Sachs | 212-902-5400