Goldman’s Sachs’ JUST US Large Cap Equity ETF, developed and maintained by Paul Tudor Jones’ JUST Capital non-profit, experienced the largest-ever launch for a socially responsible ETF, taking $250m on one day of trading. This made it the ninth-largest socially responsible existing ETF. The majority of the inflows are likely to have come from “BYOB” assets from Goldman Sachs Asset Management, functioning as the ETF’s starting seed capital. Although Goldman Sachs manages around $85bn in ESG-related assets, JUST is the firm’s first ESG ETF.
Goldman’s Sachs’ JUST US Large Cap Equity ETF, developed and maintained by Paul Tudor Jones’ JUST Capital non-profit, experienced the largest-ever launch for a socially responsible ETF, taking $250m on its first day of trading. This made it the ninth-largest socially responsible existing ETF. The majority of the inflows are likely to have come from “BYOB” assets from Goldman Sachs Asset Management, functioning as the ETF’s starting seed capital. Although Goldman Sachs manages around $85bn in ESG-related assets, JUST is the firm’s first ESG ETF.