Goldman Returns as ETF Lead Market Maker After Eight-Year Exit

Goldman Sachs Group Inc. is back in the lead market-making game for exchange-traded funds, after an eight-year hiatus, reviving its presence in a corner of finance now dominated by fast-moving trading firms.

The Wall Street firm has taken on the lead market-maker role for the $34 million CG US Large Growth ETF (CGGG), launched by Capital Group in late June. It marks Goldman’s first public step back into a US activity it largely exited in 2017. The move is in response to growing client demand, according to a person familiar with the matter who asked not to be identified. The firm declined to comment.