Today, Goldman Sachs announced the first fund launched by a client in EMEA through Goldman Sachs ETF Accelerator with the listing of a new AI-driven equity ETF on the German market.
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Lisa Mantil, Global Head of Goldman Sachs ETF Accelerator
Ultramarin and Baader Bank leverage Goldman Sachs ETF Accelerator to launch AI-driven active ETF.
Today, Goldman Sachs announced the first fund launched by a client in EMEA through Goldman Sachs ETF Accelerator with the listing of a new AI-driven equity ETF on the German market. The AI-Enhanced Eurozone Equities UCITS ETF (ISIN: IE000979OT00) is aimed at institutional and semi-institutional investors, as well as private investors. Ultramarin GmBH, a deep-tech company specializing in AI-based prediction models, has designed the investment strategy of the XETRA-listed fund and has licensed the strategy to Baader Bank AG, which acts as the fund’s investment manager.
This announcement marks the first fund launched in Europe through Goldman Sachs ETF Accelerator, a first-to-market institutional solution that enables clients to quickly and efficiently launch, list, and manage their ETFs. The AI-Enhanced Eurozone Equities UCITS ETF is the sixth fund launched through the platform, which has assisted ETFs with assets over $3 billion enter the market to-date.
“As we continue to scale the business and expand our global footprint, we are proud to announce the first fund launched through the platform in Europe and to have supported Ultramarin and Baader Bank in bringing this ETF to market,” said Lisa Mantil, Global Head of Goldman Sachs ETF Accelerator. “We look forward to continuing to scale the platform and provide our clients around the world with the expertise and infrastructure needed to enter the fast-growing ETF space.”
Source: ETFWorld.co.uk
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