An artificial intelligence-focused exchange traded fund will on Thursday become the first ETF in Europe to be launched through a Goldman Sachs-run platform for small fund managers.
The AI-Enhanced Eurozone Equities Ucits ETF, managed by Germany’s Baader Bank and based on an investment strategy designed by Ultramarin, which specialises in AI-based forecasting models, will list on Frankfurt’s Xetra exchange.
The launch marks the first time a big-name financial institution has helped a European ETF issuer to bring a fund to market, a sign of the growing importance of the continent’s ETF industry, which recently passed $2tn in assets.
Goldman’s ETF Accelerator is similar to “white label” platforms designed to facilitate the launch of third-party funds that have proved popular in the US and made some headway in Europe.
These platforms allow smaller fund managers and new entrants…
