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Goldman Sachs announced Monday that it will be actively buying Exchange Traded Fund (ETF) Innovator Capital Management has sponsored Innovator Capital Management in a cash and stock deal valued at approximately $2 billion, as the Wall Street bank looks to expand in one of its fastest-growing asset management divisions.
Active funds have regained some lost ground in recent years as investors favor a more hands-on approach after passively managed index products have suffered returns due to monetary tightening.
Global assets in actively managed exchange-traded funds reach $1.6 trillion, growing at a compound annual growth rate of 47% since 2020. goldman sachs He cited data from Morningstar.
Goldman Sachs is acquiring active exchange-traded fund (ETF) sponsor Innovator Capital Management. (David Gray/Reuters)
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“Active ETFs are dynamic, transformative, and one of the fastest growing segments in today’s public investment environment,” said Goldman Sachs CEO. David Solomon.
David Solomon, CEO of Goldman Sachs. (Gina Moon/Bloomberg via Getty Images)
JPMorgan Asset Management launched its largest active exchange-traded fund earlier this year on the back of $2 billion in commitments from external clients.
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Innovator Capital Management has $28 billion in assets under its supervision across 159 defined outcome ETFs as of September 30, 2025, with products focused on income, buffers and growth strategies.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| G.S. | Goldman Sachs Group, Inc. | 826.04 | +10.03 |
+1.23% |
Bruce Bond, the company’s co-founder and CEO, will join Goldman Sachs Asset Management along with other key executives. another 60 employees Members of Innovator will also join Goldman Sachs Asset Management’s Third Party Wealth and ETF teams.
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The transaction is expected to close in the second quarter of 2026.
Goldman Sachs Global Banking & Markets and Oppenheimer & Company served as financial advisors to Goldman Sachs and Innovator. Contractually, each.
