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Goldman Sachs ActiveBeta™ U.S. Large Cap Equity ETF Cited as One of the Best New ETFs in 2015 by Morningstar


December 22, 2015

New York, NY, December 22, 2015 - In an increasingly crowded field of new exchange-traded products, the Goldman Sachs ActiveBeta™ U.S. Large Cap Equity ETF (Ticker: GSLC) was noted one of two “Best New ETFs of 2015” by Morningstar ETFInvestor1.

Selected from 261 ETFs launched as of December 3, 2015, the December issue of ETFInvestor article reviewed the “The Best and Worst New ETFs of 2015” and highlighted that the “low fee and relatively modest factor bets make GSLC a potential low-risk, medium-reward (relative to a cap-weighted U.S. large-cap exposure) proposition.”

“We are honored that GSLC has been mentioned as one of the best new ETFs of 2015 by Morningstar ETFInvestor. This recognition underscores our team’s commitment to producing unique investment solutions that not only meet but exceed the needs of our clients, and we look forward to being at the forefront of continued innovation in the ETF space,” said Michael Crinieri, Global Head of ETF Strategies at Goldman Sachs Asset Management (GSAM).

GSAM entered the ETF market in September with the launch of GSLC and the ActiveBeta™ Emerging Markets Equity ETF (Ticker: GEM), followed by the Goldman Sachs ActiveBeta™ International Equity ETF (Ticker: GSIE) in November. Unlike traditional ETFs that track a market cap-weighted index, GSAM’s ActiveBeta™ ETFs track the firm’s proprietary ActiveBeta™ indices, which utilize a methodology that offers the potential to outperform the market.

GSAM’s Quantitative Investment Strategies team, with approximately $65 billion in assets under management and more than 15 years of experience in managing smart beta strategies, oversees the management of the Goldman Sachs ActiveBeta™ ETFs2. Since launching in September 2015, the assets of the three Goldman Sachs ActiveBeta™ ETF Funds have grown to $820 million as of December 16, 2015.

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GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which supervises $1.19 trillion in assets as of September 30, 20153. Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

 

Media Contacts:
Andrew Williams                                                                     Tel:  212-902-5400
Hillary Yaffe                                                                            Tel:  212-279-3115