Goldman Sachs Considers Sale of ETF Acceleration Platform

Goldman Sachs Group Inc. is actively exploring strategic options, including a potential sale of the ETF Accelerator platform, according to Bloomberg and Reuters reports. This platform, distinct from Goldman Sachs Asset Management's ETF division, is designed to help the bank's institutional clients launch their own exchange-traded funds (ETFs).

A source familiar with the matter, who requested anonymity, disclosed on Friday that the investment banking giant is evaluating the future of this service. The ETF Accelerator platform is a relatively new addition to Goldman Sachs's offerings, introduced in October 2023 to assist clients in launching ETFs without the significant startup costs typically associated with establishing an in-house ETF operation. It also provides ongoing services such as post-launch portfolio management, servicing, and distribution support.

Since its inception, the platform has facilitated the launch of 10 ETFs, including four funds from GMO and the Atlas America Fund managed by economist Nouriel Roubini. Goldman Sachs spokesperson Nick Carcaterra confirmed the bank's evaluations, stating, "We are assessing what the best long-term option is for the ETF Accelerator platform for Goldman Sachs and our clients." He emphasized that no definitive decisions have been made regarding the platform's future, adding, "No decision has been made yet, and there are no plans for a change in the near term. If we have an update to share, we will."

Goldman Sachs Asset Management, separately from the ETF Accelerator platform, manages approximately $40 billion across more than 40 funds. The ongoing evaluation of strategic alternatives reflects Goldman Sachs's commitment to continually review its business units in line with its long-term goals and the interests of its clients.