(Bloomberg) -- Goldman Sachs, rarely thought of as a low-cost option, is seeking to be just that with a new line of exchange-traded funds.
The firm will charge an expense ratio of 9 basis points on the large-cap version of its so-called ActiveBeta ETFs, according to a regulatory filing Friday. That means investors will pay $9 in annual fees for every $10,000 invested, lower than the 9.5 basis points charged by the world’s largest ETF, the SPDR S&P 500 fund.
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