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Goldman Sachs AM unveils absolute return EMD strategy

Goldman Sachs AM unveils absolute return EMD strategy

Goldman Sachs Asset Management has bolstered its emerging markets range with the launch an absolute return fund, Citywire Selector can reveal.

The Goldman Sachs Emerging Markets Absolute Return Bond Portfolio will be managed by GSAM’s global EMD team which currently supervises around $45 billion globally.

Officially launched November 21, the fund aims to have the flexibility to invest opportunistically across the complete EMD spectrum with a focus on downside risk, as well as controlling top level factor exposure to macro shifts.

Commenting on the launch, a spokesperson for GSAM said: 'The strategy will aim to provide traditional EMD exposures, but with a more flexible approach to overall EMD market beta by combining directional and relative value ideas.

'The team has been successfully managing benchmarked emerging market debt in excess of 17 years, outperforming the external benchmark in 15 of those years.

'We believe this will give investors exposure to emerging markets without the typical market cycle volatility of a benchmarked approach.'

The fund is registered for sale in the UK, Spain, Finland, Italy, Luxembourg, Netherlands, Norway, Portugal and is set to become available in other European markets in due course.

The fund will be available to both retail and institutional clients.

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