Goldman Sachs announced a $2 billion deal to acquire Innovator Capital Management, a leader in defined-outcome ETFs that help investors limit losses while capping gains. The firm manages $28 billion across 159 ETFs, favored by financial advisers for risk protection. The acquisition strengthens Goldman’s ETF offerings and expands its presence in one of the fastest-growing active ETF sectors. Innovator’s leadership team, including CEO Bruce Bond, will join Goldman Sachs. The deal is expected to close by mid-2026, pending regulatory approval.
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