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Goldman's Biggest ETF Customer Readies Its Own Rival Funds: (USAA)
FYI: The largest outside buyer of Goldman Sachs Group Inc.’s exchange-traded funds might soon become its biggest competitor. That client is USAA Capital Corp., an early adopter of the latest trend in the $619 billion smart beta industry: multifactor funds. The rules-based ETFs buy stocks that exhibit multiple characteristics -- like low volatility or cheap valuations -- that have been shown to beat the market over time. Regards, Ted https://www.bloomberg.com/news/articles/2017-08-31/goldman-s-biggest-etf-customer-usaa-readies-own-rival-funds
