Goldman Sachs Is Bullish on Active ETFs With Purchase of SPYI, QQQI Issuer

Goldman Sachs agreed to acquire Equidot, the issuer of active exchange-traded funds SPYI and QQQI, according to the firm's announcement. The purchase reflects Goldman's expansion into actively managed ETFs, a segment where investors pay higher fees than for index-tracking funds. Active ETFs employ portfolio managers to make investment decisions rather than automatically tracking market indices. The acquisition price and exact terms were not disclosed.

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