Bringing you live news and features since 2006 

Euros

GSAM applies ESG enhancements to Euro money market fund

RELATED TOPICS​

Goldman Sachs Asset Management (GSAM) has applied ESG enhancements to the first of its European money market funds.

The fund will continue to operate as a Low Volatility NAV money market fund under the European regulation which became effective during Q1 of this year. The fund has now applied ESG enhancements by implementing exclusions screens and a corporate engagement strategy aligned with GSAM’s dedication toward diversity and inclusion.

The fund will screen out issuers that earn revenue from certain sectors including, but not limited to, controversial weapons, tobacco, certain fossil fuels and issuers deemed in violation of the UN Global Compact Principles.   

In addition, GSAM will engage with issuers based on diversity metrics such as percentage representation of women on boards. This approach reflects GSAM’s strong focus on diversity and inclusion, and signals the opportunity to discuss other diversity-related challenges that also will be covered as part of the engagement process.

Over the coming months, GSAM is planning to roll out a similar approach on other money market funds as ESG continues to garner further interest. 

Kathleen Hughes, Global Head of the Liquidity Solutions Client Business at GSAM and member of the Goldman Sachs Sustainable Finance Cross-Divisional Steering Group, says: “Our global clients are demanding more focus be placed on ESG investments, there is appetite from many different investor types across the globe.  ESG is becoming a pre-requisite rather than a nice to have.  We believe the enhancements we have made to our Euro money market fund will resonate with investors looking for a cash solution that is considerate toward ESG and look forward to rolling this out across other currencies in future.”

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by