Goldman Sachs Asset Management (GSAM) has announced that there will be zero capital gains distributions in 2015 in their series of ActiveBeta Exchange-Traded Funds (ETFs).
Since the listing of its first ETF on 21 September, 2015, GSAM has launched a total of three ETFs that seek to track the Goldman Sachs ActiveBeta US Large Cap Equity Index, the Goldman Sachs ActiveBeta Emerging Markets Equity Index and the Goldman Sachs ActiveBeta International Equity Index, respectively, each of which utilises a proprietary, performance-seeking methodology that delivers the potential to outperform the market.
The ETFs are: the Goldman Sachs ActiveBeta US Large Cap Equity ETF (Ticker: GSLC); the Goldman Sachs ActiveBeta Emerging Markets Equity ETF (Ticker: GEM); and the Goldman Sachs ActiveBeta® International Equity ETF (Ticker: GSIE).
“Our ActiveBeta products are designed to offer investors the advantages of traditional exchange-traded funds, such as a defined strategy, diversified exposure to stocks and low costs, with the additional opportunity to outperform the market,” says Michael Crinieri, Global Head of ETF Strategies at GSAM. “We are dedicated to providing unique, cost-efficient investment solutions to our clients.”