Goldman’s Got a New ETF
Goldman Sachs is, at least after the Crisis, the undoubted symbol of global capitalism, and in the eyes of some, greed. With that said, the firm's new ETF might be something of a curveball for those that hold that view. Goldman, which is a latecomer and relatively small in the ETF space, has just launched a socially responsible ETF. The fund will invest in companies exhibiting "just business behavior", and it will rely on yearly rankings of such behavior from JUST, the nonprofit founded by Paul Tudor Jones. Goldman joins BlackRock, Nuveen, and OppenheimerFunds, among others, in offering a socially responsible ETF.
FINSUM : This is a growing trend and it is only going to strengthen as Millennials, who disproportionately care about these issues, get older and wealthier.
- Goldman Sachs
- socially responsible investing