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Goldman Sachs Buys Innovator Capital for $2B
Goldman Sachs will acquire Innovator Capital Management, which manages $28 billion in assets, to strengthen its asset management and defined-outcome ETF offerings.
- On Monday, Goldman Sachs agreed to buy Innovator Capital Management for about $2 billion, saying the deal will bolster its asset management division and expand ETF offerings.
- Innovator Capital Management, which built the strategy, pioneered defined‑outcome ETFs and oversees $28 billion across 159 ETFs, marking it as a key niche player.
- Defined‑outcome ETFs use contracts including options to buffer downside or target gains, and Goldman said Monday Innovator's 60‑plus employees and key executives will join its asset management teams.
- The deal positions Goldman Sachs Asset Management as a top ten active ETF provider, managing more than 215 ETF strategies and over $75 billion, subject to regulatory approval and performance targets.
- Morningstar data show rapid growth in defined‑outcome ETFs, with a 66% compound annual growth rate since 2020 and 180 defined‑outcome ETFs by August 2023, as Goldman’s asset-management deals this year include $1 billion in T. Rowe Price.
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The deal between Goldman Sachs and Innovator Capital Management reached $2 billion
Goldman Sachs to Buy Innovator Capital in $2B Deal
Goldman Sachs on Monday will it will acquire exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 billion as the Wall Street bank seeks to expand in one of the fastest-growing segments of asset management.
·Washington, United States
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Total News Sources38
Leaning Left4Leaning Right3Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 29%
C 50%
R 21%
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