Goldman Sachs Asset Management has unveiled a new multi-asset income fund, called Goldman Sachs Global Income Portfolio Builder.
The fund which is a Luxembourg-domiciled SICAV, aims to provide an attractive and stable yield, capital growth and lower volatility than equity markets.
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It will invest in a range of investment opportunities covering stocks and bonds, both on traditional and non-traditional market segments including REITs, convertibles and bank loans.
In addition, the Ucits-compliant fund will seek to invest 60% in fixed income and 40% in equities.
The fund will be run by an investment committee comprised of more than 300 investment professionals from Goldman Sachs’ global fixed income and fundamental equity teams, who together are responsible for more than £240 billion.
The team will also manage the exchange rate risk in the current interest rate environment.
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By GlobalDataThe fund with a base management fee of 1.25% and minimum investment of £3,000 will be available in share classes that distribute dividends and interest income monthly.
The fund will be benchmarked against a composite of the Barclays Capital US High Yield and the MSCI World index and is available in USD and EUR currencies.
Nick Phillips, head of third-party distribution for EMEA at Goldman Sachs Asset Management, said: "The team also has the ability to actively manage its interest rate risk which we believe is a key feature given the outlook for rates."
