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NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management (“GSAM”), the investment adviser for the Goldman Sachs Defensive Equity ETF (the “Fund”), announced today that the Fund's Board of Trustees, at the recommendation of GSAM, has approved a plan of liquidation (the “Plan”) for the Fund. Under the Plan, which is effective today, the Fund will begin the process of liquidating portfolio assets and unwinding its affairs in an orderly fashion over time. The Plan is not subject to shareholder app.
Alex von Obelitz, head of ETF strategy at Goldman Sachs Asset Management, told NYSE's Judy Shaw for “ETF Leaders, Powered by the New York Stock Exchange,” that for investors looking to play defense in their equity portfolios, the Goldman Sachs Defensive Equity ETF (GDEF) may be something worth looking into.
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