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Goldman Sachs is acquiring active ETF sponsor Innovator Capital Management for approximately $2 billion in a cash-and-stock deal. This move aims to expand Goldman’s presence in the rapidly growing active ETF market, which has seen assets surge to $1.6 trillion due to investor demand for hands-on strategies amid shifting monetary policy. Innovator, managing $28 billion across 159 defined outcome ETFs, offers income, buffer, and growth-focused products. CEO Bruce Bond and key executives, along with 60 other employees, will join Goldman Sachs Asset Management. The deal, advised by Goldman Sachs Global Banking and Markets and Oppenheimer & Co, is expected to close in Q2 2026.
