Goldman Cuts Smart-Beta Fees to a New Level

(Bloomberg) Goldman Sachs Group Inc. isn’t known for its largesse, but when it comes to exchange-traded funds the Wall Street giant is almost giving handouts to its customers. The firm’s asset management arm is now offering some of the cheapest smart-beta funds, including a new one that will charge just 9 basis points for a portfolio with exposure to a basket of large-cap stocks that all have the same allocation, a regulatory filing on Monday shows.

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