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GSAM acquires India's largest ETF provider

  • Raquel Pichardo-Allison
  • 16 March 2011
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Goldman Sachs Asset Management has acquired Benchmark Asset Management, the biggest ETF provider in India and issuer of the largest Gold index fund in the country.

GSAM says the acquisition should close by year end, but the firm did not release the terms of the deal. Benchmark has $700m in assets under management. Sanjiv Shah, executive director and co-founder...

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