Goldman Sachs Asset Management (GSAM), a division of Goldman Sachs, has launched new green and impact bond funds.
The launch of the new funds comes in response to significant growth in the sustainable bond market in recent years. As companies and governments have been increasingly turning to sustainable bonds to finance their climate, environmental, and social initiatives, Goldman Sachs sees the opportunity to enhance investors’ sustainability profiles through these targeted bonds.
Goldman Sachs Asset Management is responsible for managing various investment portfolios across asset classes, regions, and risk profiles. It provides solutions across equity, fixed income, liquidity, currency, and alternative investment products, often catering to high net worth individuals, institutions, and governments. GSAM is committed to delivering outstanding long-term investment performance and exceptional client service.
The newly launched Goldman Sachs Global Impact Corporate Bond Fund and the Goldman Sachs USD Green Bond Fund will focus on investments in corporate high yield and investment grade green, social, and sustainable bonds. These bonds have specific social or environmental objectives, with the Impact Corporate Bond Fund targeting a broad range of UN Sustainable Development Goals. The USD Green Bond Fund will invest in USD-denominated green corporate and government bonds, including investment grade credit.
Both funds will be managed by a dedicated Green, Social, and Impact bonds team within GSAM, leveraging GSAM’s proprietary green and impact bonds assessment methodology to select bonds with meaningful environmental, social, or sustainability impacts. The management approach ensures compliance under Article 9 of the Sustainable Finance Disclosure Regulation (SFDR).
These funds further showcase Goldman Sachs’s commitment to sustainable investment, following its acquisition of sustainable investment-focused asset manager NN Investment Partners last year.
Goldman Sachs Asset Management Global Head of Green, Social & Impact Bonds Bram Bos said, “The global bond market is a key source of investment to drive the climate transition and address topics such as inclusive growth. We are pleased to continue to provide new ways for our clients to access these opportunities.”
Head of EMEA Third Party Wealth at Goldman Sachs Asset Management Hilary Lopez said, “An increasingly wide range of investors would like to direct their capital towards companies solving clear social and environmental challenges. These two funds enable investors to tap into growing areas of opportunity and diversify their fixed income portfolios, while helping to finance impactful environmental, social and sustainability projects.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
