[10/31/23] Goldman Sachs Joins Rivals Challenging JEPI’s Success

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WEEKLY ROUNDUP OF ETF FILINGS, LAUNCHES & CLOSURES

Goldman Sachs Group launched its own buy-write options ETF last week to tap into surging investor demand demonstrated by the $12.7 billion in inflows that the rival JPMorgan Equity Premium Income ETF (JEPI) options fund has received this year.

The launch came just a week after the debut of Morgan Stanley’s own options-writing income ETF, the Parametric Equity Premium Income ETF (PAPI).

Another industry heavyweight, Fidelity Investments, filed with the Securities and Exchange Commission to open ETF share classes of its actively managed mutual funds. The SEC has only approved this kind of structure for Vanguard, who held a patent on it until earlier this year.

By Gabe Alpert

Below is a roundup of the key developments in the ETF industry during the week ending Oct. 27, 2023:??

Vanguard Expands Muni-Bond Lineup with 2 ETFs Investor interest is rising as rates appear to plateau, and despite fewer muni issuances.

Blackrock’s New Fund Taps into Surging Demand for Active ETFs The category has taken in $79 billion this year, about one-quarter of all inflows.

Goldman Sachs Launches 2 JEPI-Like ETFs Rex Shares and Tuttle Capital Management have introduced four funds that push the limits of single-stock ETFs.

Fidelity's ETF Push Puts It on Collision Course With Vanguard The asset manager has filed to create ETF shares from its massive mutual fund base.

FEATURED FUND

Vanguard Total Stock Market ETF (VTI)

The fund seeks to track a market-cap-weighted portfolio that provides total market exposure to the US equity space.

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PODCAST

Yang Tang, co-founder of Arch Indices, says that the traditional approach to passive index design—static, target a market exposure, market-cap or equal-weighted—is “arbitrary.” In this episode of Exchange Traded Fridays, Tang sits down with etf.com Senior Analyst Sumit Roy and etf.com Wealth Management Editor Jeff Benjamin to discuss why that is. Tang also breaks down the Arch Indices VOI Absolute Income ETF (VWI), which utilizes a “next generation” passive index.?Listen Now

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VIDEO

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