Goldman Sachs Is Starting a Socially Responsible ETF

Thursday, December 14, 2017

Goldman Sachs Group Inc. may not be the first name people think of when it comes to values-oriented investing. But the Wall Street titan is hoping to change that with its latest exchange-traded fund — and a little help from billionaire Paul Tudor Jones.

The lender’s asset management arm is starting an ETF that only invests in U.S. companies that engage in “just business behavior,” as defined by the JUST Capital Foundation, a non-profit organization co-founded by Jones, according to a regulatory filing.

Source: Bloomberg Markets (link opens in a new window)

ESG, impact investing