In this week’s fund news, Goldman offers share classes to support scholarships for Black women; a Senate proposal threatens ETFs’ tax efficiency; and Northern Trust hires a new CIO.
The actively managed Goldman Sachs Future Tech Leaders Equity ETF (GTEK) holds technology companies with market capitalizations under $100 billion from both developed and emerging nations.
Dimensional in June became only the second U.S. issuer to pull off a conversion, transforming $29 billion worth of mutual funds into ETFs in an industry record.