Goldman Sachs to buy ETF sponsor Innovator in $2 billion cash-and-stock deal as the Wall Street bank seeks to expand in one of the fastest-growing asset management segments. Active funds have regained lost ground in the last few years as investors favor a more hands-on approach following lower returns from passively managed index products amid tighter monetary policy.

Goldman Sachs to buy ETF sponsor Innovator in $2 billion cash-and-stock deal  as the Wall Street bank seeks to expand in one of the fastest-growing asset management segments. Active funds have regained lost ground in the last few years as investors favor a more hands-on approach following lower returns from passively managed index products amid tighter monetary policy.
Reuters •

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