Goldman Sachs Asset Management's ETF platform surpassed $100 billion in assets just two months after acquiring Innovator Capital Management. The growth is driven by demand for active ETFs, especially defined outcome and derivative income ETFs, which offer downside protection and capped gains. These buffer ETFs are gaining traction as alternatives to traditional bonds, particularly among retirees who control 72% of investible assets and seek more predictable risk management. Goldman aims to expand these products under its governance, reflecting a shift from the classic 60/40 stock-bond portfolio due to reduced diversification benefits.
Goldman Sachs CEO David Solomon stated that there is plenty of liquidity in the market to support large equity offerings from AI firms like OpenAI, Anthropic, and SpaceX. He noted that investors are currently driven more by greed than fear, as eviden...
SpaceX is negotiating to pay less than 0.75% in underwriting fees for its planned $75 billion IPO, which could be the largest in history and value the company around $1.8 trillion. Despite the low fee rate, Wall Street banks could still earn about $5...
