Friday 20 Sep 2024
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SINGAPORE (Jan 25): Goldman Sachs Asset Management (GSAM), the asset management arm of Goldman Sachs Group Inc, is making its foray into the local unit trust industry with the launch of 13 retail funds in 1Q 2016.

The new GSAM unit trusts, previously available only to private banking and institutional clients, will consist of fundamental and quantitative equity funds as well as those that invest in fixed income and multi-assets, according to the fund house which manages assets in excess of US$1 trillion ($1.4 trillion).

These 13 Goldman Sachs funds approved for retail sales in Singapore include the Goldman Sachs Asia High Yield Bond Portfolio, Asia Portfolio, European Equity Partners Portfolio, European High Yield Bond Portfolio, Global Core Equity Portfolio, Global Equity Partners Portfolio, Global High Yield Portfolio,

Global Income Builder Portfolio, Growth & Emerging Markets Broad Equity Portfolio, Growth & Emerging Markets Corporate Bond Portfolio, India Equity Portfolio, Japan Portfolio and US Real Estate Balanced Portfolio.

“The global market volatility we are seeing right now underscores the need for world-class investment solutions that deliver highly differentiated strategies with real diversification benefits. We look forward to meeting the needs of Singapore retail investors through this range of funds,” says Sheila Patel, who is Singapore CEO of GSAM, in a statement.

Singapore is GSAM’s Asia regional investment hub. The fund house’s team of Singapore-based investment professionals has been providing investment and advisory solutions to institutions including pension funds, sovereign wealth funds and financial intermediaries in the city state and across Asia since 1991.

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