NEW YORK – Goldman Sachs Asset Management, L.P. (GSAM) today announced the launch of the Goldman Sachs Strategic Income Fund (Class A Shares: GSZAX) (the Fund), which seeks to provide investors income and total return opportunities through a broadly diversified portfolio of US and foreign fixed income securities. Employing a benchmark unconstrained approach, the Fund’s portfolio managers have flexibility to invest in their best ideas across all fixed income sectors - helping investors navigate today’s increasingly complex economic environment.
“Today’s fixed income investment landscape is defined by uncertainty surrounding interest rates, inflation and fiscal imbalance. This makes credit selection more important than ever, and creates new opportunities,” said Jonathan Beinner, Chief Investment Officer and Co-Head of Global Fixed Income and Liquidity Management at GSAM. “To help investors achieve potentially stronger total returns in this environment, the Goldman Sachs Strategic Income Fund can provide access to a broad set of investment options across global fixed income markets irrespective of country, currency, quality or duration.”
“The Goldman Sachs Strategic Income Fund seeks to uncover global investment opportunities through a balanced approach to current yield and total return potential without being tethered to a benchmark or a style box,’’ added Michael Swell, Co-Head of Global Lead Portfolio Management at GSAM and Co-Lead Portfolio Manager of the Fund. “The Fund’s dynamic nature should enable it to adapt to rapidly changing market conditions and proactively manage risks such as those posed by ballooning sovereign debt or a volatile interest rate environment.”
GSAM’s Global Fixed Income team, which oversees $283.7 billion in assets as of March 31, 2010, will manage the Fund, incorporating the best investment ideas generated by its portfolio managers and nine strategy teams. Because the Fund is not tied to a benchmark, the portfolio managers have more flexibility to adjust sector allocations to provide attractive return potential and better manage overall portfolio risk.
GSAM believes the addition of the Fund to an existing portfolio can enhance total return performance through a dynamic approach to today’s complex fixed income markets.
The Fund is offered in A and C shares, both with $1,000 minimum initial investments. The Fund also offers Institutional and R & IR Class Shares.
