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Finance

Goldman enters Japan's ETF market with tech-themed funds

Move seeks to peel investors away from higher-cost active managers

Goldman Sachs Asset Management is making a foray into Japan's market for exchange-traded funds.   © Reuters

TOKYO -- Goldman Sachs Asset Management will market exchange-traded funds that track stocks on technology themes to investors in Japan, aiming to capture money shifting away from higher-cost mutual funds, Nikkei has learned.

The five ETFs are listed in the U.S. and focused on trends that the asset manager has identified as having a transformative effect on the economy, such as innovations in data and finance.

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