Goldman Sachs acquires ETF firm for $2 billion in latest deal to bolster asset management division

Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm's asset management division.Goldman said the acquisition, expected to close in the second quarter of 2026, will boost its ETF offerings in a fast-growing corner of the investing world.Defined-outcome ETFs use contracts including options to buffer downside risks or offer targeted gains over set time periods. Innovator had $28 billion of a ...