Goldman Sachs has won the first fund launched by a client in EMEA through the Goldman Sachs ETF Accelerator platform with the listing of a new AI-driven equity ETF on the German market. The AI-Enhanced Eurozone Equities UCITS ETF is aimed at institutional and semi-institutional investors, as well as private investors. Ultramarin GmBH, a tech company specialising in AI-based prediction models, has designed the investment strategy of the XETRA-listed fund and has licensed the strategy to Baader Bank AG, which acts as the fund’s investment manager. Carne has been appointed as the ManCo.
This deal marks the first fund launched in Europe through Goldman Sachs ETF Accelerator, an institutional solution that enables clients to quickly and efficiently launch, list, and manage their ETFs. The AI-Enhanced Eurozone Equities UCITS ETF is the sixth fund launched through the platform, which has assisted ETFs with assets over USD3bn.