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Goldman Sachs goes low cost in bid to attract investors to ETFs

The firm will waive a portion of its management fee and limit expenses for at least the first year of the large-cap version of its so-called ActiveBeta ETFs, according to a regulatory filing Friday. That will make the expense ratio 9 basis points, or $9 in annual fees for every $10,000 invested, lower than the 9.5 basis points charged by the world's largest ETF, the SPDR S&P 500 fund.

 

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