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Goldman Sachs Asset Management is trying to serve more investors seeking downward protection against market agitation.
Bryon Lake helped the firm launch its new buffer exchange fund this month: Goldman Sachs US Large Cap Buffer 3 ETF.
“I am an investor. You are an investor. The people who observe are investors, and there is an incredible amount of uncertainty at this time: tariffs, the expansion of capital markets away from Mag 7 (Y) Geopolitical problems, “Goldman Sachs transformation director told presenter Bob Pisani about CNBC’s “ETF Edge”.
Lake together Goldman Sachs Last summer. According to the firm’s press release, it was for a newly created role intended to expand its investment strategies. Previously, Lake headed ETF’s global business in JPMorgan Chase
“The damping products are designed to help protect people towards the inconvenience while allowing them to participate in the rise,” he said. “The way they are designed is that they will protect from 5% to 15% while still allowing more than 5% to 7% to participate. And then they are restored quarterly.”
Lake suggests that buffer ETFs use approaches that have strong stories.
“These are … proven and true strategies that have been used by investors for decades,” he said.
The ETF of Goldman Sachs US Large Cap Buffer 3 has dropped approximately 3% since it began to quote on March 4. The S&P 500 is off almost 4% in the same period of time.
