Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Goldman Sachs latest to launch short-duration Euro bond fund

Goldman Sachs latest to launch short-duration Euro bond fund

Goldman Sachs Asset Management is to become the latest fund group to offer a short-duration Euro bond product with the launch of a new fund.

The Goldman Sachs Euro Short Duration Bond Portfolio will invest its assets primarily in investment-grade short-term fixed and floating-rate debt securities denominated in Euros.

The fund’s management fees are expected to range from 0.4% to 0.8% depending on the share class bought. The lowest minimum investment amount has been set at £1,500.

Goldman Sachs already runs a Euro Fixed Income fund, a first quartile performer over the past one, three and five years. On a five-year view it has produced an annualised return of 6.07% compared with 4.33% from its peer group and 5.09% from its benchmark Barclays Euro Aggregate Bond index.

The launch follows a year in which money has flown into fixed income funds that offer some protection against interest rate rises. According to the most recent data from Lipper, in November short-duration Euro bond funds pulled in £1.8 billion, making it the month’s fifth most popular sector.

Earlier this month Standard Life converted its Select Income fund into a short-duration credit fund for its recent hire Daniel McKernan, who joined the firm from Swip in September.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter