Motif also served as the index provider for five small Goldman Sachs thematic ETFs, including the Goldman Sachs Motif Data-Driven World ETF (GDAT) and the Goldman Sachs Motif Manufacturing Revolution ETF (GMAN). Goldman Sachs has announced that it will bring the indexes for these ETFs under its own roof ahead of Motif’s closure.
Since its inception, Motif had raised over $126 million from investors, including Goldman Sachs, Ignition Partners and Foundation Capital. In 2014, its technology won “Best In Show” at the FinovateSpring conference.
According to its most recent form ADV filed on March 27, Motif Capital Management, Motif’s subsidiary, had just under $870 million in assets under management.