Funding & Business
Goldman Returns as ETF Lead Market Maker After Eight-Year Exit
Goldman Sachs Group Inc. is back in the lead market-making game for exchange-traded funds, after an eight-year hiatus, reviving its presence in a corner of finance now dominated by fast-moving trading firms.
The Wall Street firm has taken on the lead market-maker role for the $34 million CG US Large Growth ETF (CGGG), launched by Capital Group in late June. It marks Goldman’s first public step back into a US activity it largely exited in 2017. The move is in response to growing client demand, according to a person familiar with the matter who asked not to be identified. The firm declined to comment.
Japan’s 30-year government bond auction Thursday faces added uncertainty from global debt market turmoil and political instability at home which has reignited concerns over the country’s fiscal outlook.
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Antonoaldo Neves, CEO of Etihad Aviation Group, says the company is betting on long-term growth in the U.S., emphasizing that “the more you invest in the U.S., the more return you get.” He told Romaine Bostick on “The Close” that Etihad, as a premium carrier, plans to double its fleet, adding about 20 planes per year over the next five years. (Source: Bloomberg)
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Jamie Iannone, president and CEO of eBay, says the company is rolling out AI tools to make selling more efficient. He told Romaine Bostick on “The Close” that AI is helping shoppers find products faster through recommendation technology (Source: Bloomberg)
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