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Goldman Money Managers Like New ESG Fund So Much They’re Buyers

GSAM is launching actively managed Future Planet Equity ETF; firm intends to invest own capital alongside investors.

Goldman Sachs Asset Management will debut a new ESG-friendly exchange-traded fund Thursday, one it likes so much that it’s pledging to put its own money in.

The New York-based firm will invest its capital in the Goldman Sachs Future Planet Equity ETF (ticker GSFP), according to Mike Crinieri, GSAM’s global head of ETFs. That’s an “unusual” move for the asset manager, which expects to see the fund grow significantly within days, he said.