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Goldman has some of the cheapest smart-beta funds

Rachel Evans
Rachel Evans9/18/2017 08:00 AM GMT+08  • 2 min read
Goldman has some of the cheapest smart-beta funds
(Sept 18): Goldman Sachs Group is not known for its largesse, but when it comes to exchange-traded funds (ETFs), the Wall Street giant is almost giving handouts to its customers.
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(Sept 18): Goldman Sachs Group is not known for its largesse, but when it comes to exchange-traded funds (ETFs), the Wall Street giant is almost giving handouts to its customers.

The firm’s asset management arm is now offering some of the cheapest smart-beta funds, including a new one that will charge just nine basis points for a portfolio with exposure to a basket of large-cap stocks that all have the same allocation, a regulatory filing on Sept 11 shows. That is less expensive than any other comparable equal-weighted fund, as well as the world’s largest and most traded ETF — State Street Corp’s S&P 500 ETF Trust, better known by the ticker SPY.

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