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Goldman Sachs Asset Management has entered the active exchange traded fund market in Europe as it shifts its focus towards the rapidly growing sector.
The US fund house listed an active investment grade corporate bond ETF last week, denominated in both US dollars and euros, and is set to launch a high yield strategy as it looks to reignite its ETF business across the continent.
Having launched its first European ETF in 2019, Goldman Sachs has struggled to build scale in its passively managed product range.
The new launches come as the cohort of asset managers looking to enter the active ETF space in Europe has been growing steadily because the ability to gain scale with passive products has become more…
