Goldman Takes Aim at JPMorgan's Billions With Copycat ETFs

The video discusses the competitive landscape of ETFs, focusing on Goldman Sachs' late entry compared to JP Morgan's Jeppie. Despite Jeppie's underperformance against the SP500, it continues to attract investments due to its low cost and JP Morgan's distribution power. The discussion highlights the importance of distribution and cost in the ETF market, suggesting that Goldman Sachs may be under new management and prioritizing short-term revenue over growth.

Discuss the significance of low-cost ETFs in attracting investors.

What does the phrase 'asleep at the wheel' imply about Goldman's current management?