Goldman romps past JPMorgan in Wall St battle of ETF newbies
But race for slice of US$3 trillion global market is just beginning, and the latter has plenty of time to catch up
Mon, Sep 26, 2016 - 5:50 AM
Since Goldman Sachs began offering its quantitative strategy driven ETFs a year ago, the firm has attracted US$2.4 billion in assets, making the funds among the most successful product launches in the history of the three-decade-old industry.
TWO of the financial industry's biggest names - Goldman Sachs and JPMorgan Chase & Co - are in the race for Wall Street supremacy in the US$3 trillion global market for exchange-traded funds.
Goldman Sachs won the first leg by pulling in a couple of billion dollars in...