Goldman Sachs Asset Management has announced the launch of two actively managed ETFs in EMEA:
Goldman Sachs USD High Yield Bond Active UCITS ETF (Ticker: GSHY)
Goldman Sachs EUR High Yield Bond Active UCITS ETF (Ticker: EUHY)
The firm writes that the funds will seek to achieve a long-term return by investing in fixed income securities rated below investment grade (high yield bonds). Top-down asset allocation is combined with bottom-up security selection by Goldman Sachs’ Fixed Income and Liquidity Solutions team, which brings together more than 370 financial professionals with deep expertise across regions, sectors and markets, managing over USD1.75 trillion in assets globally.
The strategies aim to outperform their benchmarks over the long-term by selecting securities and obtaining exposures by analysing quantitative and technical factors to evaluate investment opportunities.
The firm writes that the launch follows Goldman Sachs Asset Management’s recent entry into active ETFs in the EMEA market, reaffirming the firm’s commitment to making its investment capabilities available through the ETF wrapper.
Active ETFs combine the benefits of actively managed strategies with the transparency, flexibility and potential cost benefits of an ETF wrapper. An active management approach can help investors capture market inefficiencies, navigate turbulence and mitigate company-specific risks through active credit selection.
The new ETFs are listed on the London Stock Exchange and Deutsche Börse, with Borsa Italiana and SIX to follow. The ETFs will be registered in key markets across EMEA.
Hilary Lopez, head of the EMEA Third Party Wealth Business at Goldman Sachs Asset Management, says: “Our clients remain focussed on their strategic allocations in fixed income, looking to active management to take advantage of changing market dynamics. These new ETFs benefit from the advantages offered by the ETF wrapper while leveraging Goldman Sachs Asset Management’s long history and deep expertise in actively managing fixed income assets.”
Kay Haigh, global co-head of Fixed Income and Liquidity Solutions at Goldman Sachs Asset Management, says: “The advent of active ETFs allows us to bring our long and successful track record in actively managing fixed income to market in a transparent and accessible investment vehicle. Investors will be able to gain direct exposure to the capabilities and expertise of our Fixed Income investment team, staying on top of the evolving market environment while benefitting from the flexibility offered by ETFs.”
