Goldman Sachs Buys Innovator, Adds $31 Billion In Defined Outcome ETFs

Goldman Sachs Group Inc (NYSE: GS) has completed its acquisition of Innovator Capital Management, adding approximately $31 billion in assets under supervision and 171 defined outcome ETFs to its portfolio. This acquisition expands Goldman Sachs Asset Management's ETF lineup to around 240 funds, totaling $90 billion in assets, positioning the firm among the top 10 global active ETF providers. The move aims to enhance tailored investment solutions for investors seeking income generation and downside protection.