Goldman Sachs Asset Management has appointed BNY Mellon to provide asset services for its newly launched European UCITS ETF fund range. In addition to BNY Mellon’s ETF solutions supporting order management, PCF production and AP servicing, it will also provide fund accounting, transfer agency, depository, custody, paying agent and common depository. GSAM launched its first European ETF – Goldman Sachs ActiveBeta U.S. Large Cap Equity UCITS ETF – on September 26. This is the first in a range of funds under the Goldman Sachs ETF ICAV structure. GSAM has chosen the ICSD model for its new Irish UCITS fund.
