Wealth Manager - Essential news for investment professionals

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.

Related Fund Managers

Daniel McKernan
Daniel McKernan
40/60 in Bonds - Sterling Corporate Bond (Performance over 3 years) Average Total Return: 26.85%
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter