Goldman Sachs AM announces new corporate impact and green bond funds
27 JUL, 2023
Goldman Sachs Asset Management has today announced the launch of the Goldman Sachs Global Impact Corporate Bond Fund and the Goldman Sachs USD Green Bond Fund (“the funds”), which aim to enable fixed-income investors to enhance the sustainability profile of their portfolios through an allocation to green, social and sustainability bonds.
The funds are both managed by a dedicated Green, Social, and Impact bonds team within Goldman Sachs Asset Management, who joined the firm following the acquisition of NN Investment Partners in 2022. The team is part of Goldman Sachs Asset Management’s global fixed-income team, which manages over $1 trillion on behalf of investors. Recently, the firm passed $9bn in dedicated green bond assets under management.
The Goldman Sachs Global Impact Corporate Bond Fund and Goldman Sachs USD Green Bond Funds draw on Goldman Sachs Asset Management’s proprietary green and impact bonds assessment methodology, to select bonds that finance impactful environmental, social, or sustainability projects.
The Goldman Sachs Global Impact Corporate Bond Fund seeks to invest in green, social, and sustainable bonds across the corporate credit spectrum that have clearly defined social or environmental objectives and impact. The bonds included in the portfolio target a broad range of UN Sustainable Development Goals (SDGs). It will invest globally in investment-grade and high-yield bonds.
The Goldman Sachs USD Green Bond Fund invests globally in both corporate and government bonds and investment-grade credit. It builds on Goldman Sachs Asset Management’s existing green bonds range by offering a global alternative for clients seeking USD-denominated exposure.
Both funds’ impact will be monitored closely and published in an annual report. The funds will make disclosures under Article 9 of the Sustainable Finance Disclosure Regulation.
The funds are registered for sale in Austria, Belgium, Denmark, Germany, Spain, Finland, France, Italy, Netherlands, Norway, Sweden, Switzerland, and the UK.
