MarketMuse update courtesy of exclusive reporting by Reuters’ Jessica Toonkel
On the heels of this week’s announcement by Janus Capital to acquire ETF Issuer VelocityShares, presumably as a vehicle for Bill Gross to further package his fixed-income strategies, and this past June’s announcement from the London Stock Exchange to acquire index specialist Frank Russell Company, the bubbling market for ETF platforms is bubbling even more..as evidenced by this scoop from Reuters’ Jessica Toonkel:
(Reuters) – Goldman Sachs Group is in discussions to acquire IndexIQ, a Rye Brook, New York-based exchange-traded fund provider, according to three sources familiar with the situation.
The deal, if finalized, would enable Goldman to introduce passively managed and actively-managed exchange traded funds within months.
A Goldman Sachs Asset Management spokeswoman declined to comment. A call and e-mail to Adam Patti, the chief executive of IndexIQ, was not immediately returned.