New Products
What’s New In Investments, Funds? – Goldman Sachs Asset Management
The latest in investment offerings, financial products and other services relative to wealth advisors and their clients.
Goldman Sachs Asset Management
Goldman
Sachs Asset Management has just announced the launch of the
Goldman Sachs Global Green Bond UCITS ETF, an exchange-traded
fund (ETF) tracking an index developed with Solactive.
The fund, which is a passive green bond fund, will make disclosures under Article 9 of the EU’s Sustainable Finance Disclosure Regulation (SFDR), the firm said in a statement.
The fund builds on the firm’s green bond offering and provides exposure to the Solactive Global Green Bond Select Index. The index has been developed in partnership with Goldman Sachs Asset Management’s green, social and impact bonds team, who have helped Goldman Sachs Asset Management grow to be a large green bond open-ended fund manager in the UCITS space, by both assets under supervision and 2023 net flows.
The fund aims to track global G10 green bond issuance enabling investors to replace a portion of their existing global fixed income portfolios with bonds that meet certain sustainable investment screens, including controversy exclusion, project and sector exclusions and an analysis of issuers’ climate transition policies.
The fund forms part of Goldman Sachs Asset Management's global fixed income and liquidity solutions offering, which represents over $822 billion in assets under supervision. The firm said it recently surpassed $10 billion in dedicated green, social and impact bonds assets under supervision, from which $5.5 billion is in open-ended funds.
The fund is available on the London Stock Exchange in euros and pound sterling, the SIX swiss exchange in euros, Xetra in euros, and the Borsa Italiana in euros, the firm added.
“The global green bond market is an increasing source of opportunity for investors as they look to complement their fixed income exposure with dedicated green, social and impact bonds,” Hilary Lopez, head of EMEA third party wealth at Goldman Sachs Asset Management, said. “We plan to continue expanding our product range to support our clients’ investment and sustainability objectives.”
