Thursday, Goldman Sachs Asset Management launched two new funds negotiated on active bonds, while more and more investors are looking for active management in the practical ETF packaging.
THE Goldman Sachs Core Bond Etf (GBND) aims to provide both the appreciation of the capital and the income by investing mainly in the fixed income securities with an American investment level, including state obligations, titled assets and business obligations. It is designed to serve as a fundamental and diversified fixed income solution and will be managed by the company’s multiseror fixed income team, according to a press release. The $ 20 million fund has 0.25%management fees.
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THE Goldman Sachs Corporate Bond Etf (Gigl) Also aims to offer investors the assessment of capital and income, but it focuses on the obligations of quality companies in investment: at least 80% of assets are generally invested in corporate bonds, although it can also invest elsewhere, including in fixed and high-performance and high appointments. The $ 11.3 million fund managed by the Goldman Sachs World Creation of Business Credit and seeks to follow the performance of the Bloomberg US credit index, has 0.29%management fees.
GBND and GIGL are following the requests of active strategies investors in fixed income securities, said Brendan McCarthy, a global distribution manager ETF at Goldman Sachs Asset Management, told ETF.com.
“More specifically, we mean the recognition that an active style offers the manager a greater opportunity to provide performance by the selection of security, the rotation of the sector and a proactive macro approach,” said McCarthy.
Customers are also looking for solutions that benefit from active management but come with the advantages and transparency of ETF packaging, Alyson Shupe, responsible for the global product strategy at Goldman Sachs Asset Management, in a press release included in the press release.
Goldman Sachs Asset Management manages 61 ETF strategies worldwide, representing more than $ 40 billion in total assets at the end of April, the firm said. The new funds came in the middle of the increased appetite for investors for actively managed ETFs: the active ETFs recently overshadowed their passive counterparts on the ETF market of 11 dollars, according to Bloomberg Intelligence data
“We are committed to providing the forces of our investment platform to customers via ETF packaging,” said McCarthy. “GBND and GIGL are supported by the resources, experience and discipline of a wider fixed and liquidity solutions company which oversees more than 1.75 billion of dollars in assets.”
