David Solomon, chief executive officer of Goldman Sachs.<\/p>\n
Bloomberg | Bloomberg | Getty Images<\/p>\n
Goldmans Sachs<\/a> on Monday said<\/a> it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division.<\/p>\n Goldman said the acquisition, expected to close in the second quarter of 2026, will boost its ETF offerings in a fast-growing corner of the investing world.<\/p>\n Defined-outcome ETFs use contracts including options to buffer downside risks or offer targeted gains over set time periods. Innovator had $28 billion of assets under supervision across 159 ETFs as of Sept. 30.<\/p>\n “Active ETFs are dynamic, transformative, and one of the fastest-growing segments in today’s public investment landscape,” Goldman CEO David Solomon said in a news release announcing the deal. “By acquiring Innovator, Goldman Sachs will expand access to modern, world-class investment products.”<\/p>\n Goldman Sachs, which has made asset and wealth management a priority since pivoting away from a consumer banking push, has made a series of deals in the sector this year. In September, Goldman said it would invest $1 billion\u00a0in\u00a0T. Rowe Price<\/a>, and the following month, the bank said it acquired venture capital investor\u00a0Industry Ventures<\/a>\u00a0to bolster its alternative investments platform.<\/p>\n Goldman said Monday once the deal closes, Innovator’s 60-plus employees will join the bank’s asset management division.<\/p>\n","protected":false},"excerpt":{"rendered":"David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday…\n","protected":false},"author":3,"featured_media":417323,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[259,7789,133,64,81,45003,7074,3346,115826,67,132,68],"class_list":{"0":"post-417322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-banks","9":"tag-breaking-news-investing","10":"tag-breaking-news-markets","11":"tag-business","12":"tag-business-news","13":"tag-goldman-sachs-bdc-inc","14":"tag-goldman-sachs-group-inc","15":"tag-investment-strategy","16":"tag-t-rowe-price-group-inc","17":"tag-united-states","18":"tag-unitedstates","19":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115644696120780515","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/417322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=417322"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/417322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/417323"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=417322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=417322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=417322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}