Goldman Sachs ETF Accelerator launches First Fund in EMEA. Source: Shutterstock

Goldman Sachs has introduced a new AI-driven equities ETF on the German market, marking the first fund launched by a client in EMEA through Goldman Sachs ETF Accelerator.

Institutional and semi-institutional investors in addition to private investors are the target market for the AI-Enhanced Eurozone Equities UCITS ETF (ISIN: IE000979OT00).

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Baader Bank, the fund’s investment manager, has been granted a license to implement the investment strategy created by Ultramarin GmBH, a deep-tech business that specialises in AI-based prediction models. The fund is listed on the XETRA exchange.

Goldman Sachs ETF Accelerator is an institutional first-to-market solution that helps customers launch, list, and manage their ETFs rapidly and effectively.

With this launch, the first fund through the platform will be launched in Europe.

The technology has helped ETFs with assets exceeding $3bn reach the market to date, and the AI-Enhanced Eurozone Equities UCITS ETF is the sixth fund to be introduced using it.

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Lisa Mantil, global head of Goldman Sachs ETF Accelerator stated: “As we continue to scale the business and expand our global footprint, we are proud to announce the first fund launched through the platform in Europe and to have supported Ultramarin and Baader Bank in bringing this ETF to market. We look forward to continuing to scale the platform and provide our clients around the world with the expertise and infrastructure needed to enter the fast-growing ETF space.”

Moreover, in May, Goldman Sachs moved to a new office space in the Amsterdam World Trade Centre (WTC).

The bank is expanding its Amsterdam presence to aid a growing Goldman Sachs footprint in its global banking & markets and asset & wealth management arms.

In addition, the space will run parallel with Goldman Sachs’ office in The Hague, which is the hub for the company’s asset management business in Europe. It also is home to investment, client service and sustainable investing expertise.