Goldman Sachs Asset Management (GSAM) has unveiled a new emerging market debt (EMD) strategy, an UCITS-compliant fund that will have an average duration of around two years.
The new Goldman Sachs Emerging Markets Short Duration Portfolio will target sovereign and corporate issuers.
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Domiciled in Luxembourg, the long-only strategy will offer exposure to nearly 50 to 60 issuers in 30 countries.
GSAM EMD portfolio manager Angus Bell said: “We believe this portfolio provides investors with a thoughtful approach to generating attractive investment returns while actively mitigating risks through diversification and by avoiding lower rated issuers.”
The vehicle will be available to retail as well as institutional investors. It will be run by the firm’s EMD team.
GSAM has recently added several new funds to its portfolio. Around three months ago, the firm introduced an emerging markets fund to tap firms with strong environmental, social and governance credentials.
At around the same time, GSAM launched an ETF that forms part of its Access fixed income ETF suite. The new ETF will offer exposure to Treasury inflation-protected securities (TIPS) using a smart beta selection methodology.
Earlier last year, the firm launched a fund that will invest in smaller US cap companies having the potential to become large-cap leaders.
