Goldman Sachs buys ETF firm Innovator for $2 billion

Goldman Sachs has officially completed its acquisition of ETF provider Innovator Capital Management for $2 billion. This strategic move is intended to bolster Goldman Sachs Asset Management's capabilities in the specialized area of defined outcome ETFs. The acquisition represents a significant investment aimed at enhancing the firm's product offerings and competitive position within the exchange-traded fund market. By integrating Innovator's expertise, Goldman Sachs seeks to provide more sophisticated investment solutions to its clients.