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Goldman Channels Cathie Wood Playbook in Active Thematic ETF Bid

  • New York-based bank files to create Future Consumer Equity ETF
  • Slew of copycat products emerge in wake of Ark founder success

One of Wall Street’s most storied names is joining the mania for actively managed thematic ETFs sparked by Cathie Wood.

Goldman Sachs Group Inc. plans to create the Future Consumer Equity exchange-traded fund, the bank said in a filing Thursday. It will focus on technology companies and firms that embrace the “lifestyle and values” of younger consumers such as sustainable living, health and wellness.