Goldman Sachs Asset Management has upgraded its Luxembourg-domicled investment funds following conversion to UCITS III. GSAM will now be ...

Goldman Sachs Asset Management has upgraded its Luxembourg-domicled investment funds following conversion to UCITS III. GSAM will now be able to offer strategies and capabilities, previously only open to its institutional clients, to the nigh net worth market. A number of new funds have been launched, including: • The GS Global Currency Portfolio which leverages Goldman’s 14-year track record in currencies. • The GS Commodities Enhanced Index Portfolio targeting returns over and above the Goldman Sachs Commodities Index. • The GS BRICS Portfolio, which invests in Brazil, Russia, India and China. • Three fixed income plus funds offering additional alpha from a fixed income portfolio. • Five Flex funds – that aim to generate alpha through increased exposure to equity markets. GSAM intends to launch 14 new funds to be launched in the first quarter of 2006. Another 21 funds could be launched based on client demand. Goldman have spent the last 18 months researching clients’ fund management needs and believe that the funds will have broad market interest as well as providing specific appeal to fund packagers, fund distributors, sub-advisors and local authorities.