Motif to cease as index provider for GSAM ETFs, may reassume role

By Sarah Lizee

Olympia, Wash., April 20 – Motif Capital Management, Inc. notified Goldman Sachs Asset Management that on or about May 15 it will cease to be the index provider for the underlying indices of the suite of five Goldman Sachs Motif exchange-traded funds.

Goldman Sachs is in discussions with Motif to assume the role of index provider, subject to approval by the ETFs’ board of trustees of the change to the ETFs’ underlying indices, according to a press release.

Goldman Sachs said it doesn’t expect any interruption to the management of the ETFs at the present time, and the ETFs continue to trade on NYSE Arca.

The ETFs include the Goldman Sachs Motif Data-Driven World ETF, Goldman Sachs Motif Finance Reimagined ETF, Goldman Sachs Motif Human Evolution ETF, Goldman Sachs Motif Manufacturing Revolution ETF and Goldman Sachs Motif New Age Consumer ETF.

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