Group 1: Company Actions - Goldman Sachs Asset Management is acquiring Innovator Capital Management for $2 billion, focusing on defined outcome exchange-traded funds (ETFs) [1] - The acquisition is expected to close in the first half of next year, indicating a strategic move to enhance their product offerings in the ETF market [1] Group 2: Industry Insights - Defined outcome ETFs, also known as buffer ETFs, are gaining traction as they provide downside protection and income for investors, addressing specific market needs [2] - Bryon Lake, co-head of the Third-Party Wealth team at Goldman Sachs, emphasizes the growth potential of defined outcome ETFs, describing them as a fast and attractive space [2] - Kathmere Capital Management, managing $3.4 billion in assets, highlights the role of defined outcome ETFs in client portfolios to reduce downside risk, indicating a growing demand for these products [3] - The appeal of defined outcome ETFs lies in their ability to offer stock market exposure with built-in safety nets, making them suitable for risk-managed equity solutions [4]