Key insights
- Goldman Sachs reduced expense ratios on two investment-grade corporate bond ETFs (EUR and USD denominated) from 0.25% to 0.18%. While this lowers investor costs, the impact on US equities is slightly negative, reflecting marginally lower profitability for Goldman's asset management division and increased competition in the ETF space.
DUBLIN - Goldman Sachs ETF ICAV announced a reduction in total expense ratios for two of its investment grade corporate bond exchange-traded funds, effective around Thursday.
The Goldman Sachs EUR Investment Grade Corporate Bond Active UCITS ETF and Goldman Sachs USD Investment Grade Corporate Bond Active UCITS ETF will see their total expense ratios reduced to 0.18% from 0.25%, according to a press release statement issued Friday.
The fee reduction follows a recommendation from the investment manager, Goldman Sachs Asset Management International. The change applies to multiple share classes across both funds, including accumulating and distributing share classes denominated in euros and U.S. dollars.
The affected share classes include the EUR (Acc) class with ISIN IE000O6GI299, the EUR (Dist) class with ISIN IE0009EDBBS3 for the euro-denominated fund, and the EUR-Hedged (Acc) class with ISIN IE0004MXQ328 and USD (Dist) class with ISIN IE000RRCJI06 for the dollar-denominated fund.
The notice was sent to shareholders of the funds, which are sub-funds of Goldman Sachs ETF ICAV, an Irish collective asset-management vehicle. The directors stated the changes do not conflict with guidance issued by the Central Bank of Ireland, though the notice has not been reviewed by the regulator.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.