The Global Strategic Macro Bond Portfolio reflects the GSAM global fixed income team’s views on global interest rates, currencies and emerging market debt with the aim of generating long-term absolute returns.
Nick Phillips, head of GSAM’s international third party distribution business, said: “Many of our clients have significant exposure to credit and therefore seek solutions with less emphasis on that sector whie aiming to provide exposure beyond traditional asset classes.”
Darius McDermott, managing director of Chelsea Financial Services, believes the launch of the fund is in part a reaction to the prospect of rising interest rates.
“Traditional asset classes are very well covered and held in most people’s portfolios,” he said. “With interest rates likely to be rising in 2015, traditional bond funds have sensitivity to that.
“Lots of people have to have a certain amount in fixed interest to keep to their benchmark ratings. If they are worried about traditional fixed interest asset classes this is a potential other home.”
The fund was floated on the 22 October and shares are available in sterling, euros and US dollars; for UK investors there is a minimum initial investment of £5,000.
It is a sub-fund of the UCITS-qualified Goldman Sachs Funds SICAV – domiciled in Luxembourg – and will be managed by GSAM global fixed income and liquidity management team.
