(Reuters) – Goldman Sachs is exploring options, including a potential sale, for its ETF Accelerator platform designed to help the bank’s institutional clients launch their own exchange-traded funds, a source familiar with the matter told Reuters on Friday.
This platform is separate from the ETF business of Goldman Sachs’ asset management arm, the source said, who did not want to be identified because the plans are not public.
“We are assessing what the best long-term option is for the ETF Accelerator platform for Goldman Sachs and our clients,” said Nick Carcaterra, a spokesperson for the bank, in an emailed statement.
“No decision has been made and there are no imminent plans for a change. If we have an update to share, we will do so,” he added.
The news was first reported by Bloomberg News.
(Reporting by Saeed Azhar in New York and Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)
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