NEW YORK – An energy renaissance is underway in the US as domestic energy production continues to expand. Fueled by this growth, energy infrastructure is projected to attract significant investments over the next few years.
To provide investors with exposure to this transformative investment opportunity, Goldman Sachs Asset Management (GSAM) today announced the launch of the Goldman Sachs MLP Energy Infrastructure Fund (Class A Share: GLPAX) (the “Fund”) – a strategy that invests in publicly-traded master limited partnerships (“MLPs”) that are primarily engaged in midstream operations including pipelines, transportation, terminals, storage, gathering and processing. The Fund seeks total return through current income and capital appreciation.
"We believe the US energy industry is poised to expand for decades to come. MLPs allow investors to participate in the build-out of energy infrastructure and to benefit from potential capital appreciation and income growth,” said Kyri Loupis, Head of the Energy & Infrastructure Team at GSAM and portfolio manager of the Fund. “We believe MLPs may offer a range of additional attractive investment characteristics, including potential inflation protection and low correlation with other asset classes.1 Our fund seeks to capture the attractive attributes of this asset class with the convenience, liquidity and simplified reporting of a mutual fund."
“Through active management by a highly experienced portfolio team, the Goldman Sachs MLP Energy Infrastructure Fund should be well-positioned to capture many investment opportunities as the MLP sector continues to garner a larger share of investors’ portfolios2,” said Jim McNamara, Managing Director and President of Goldman Sachs Mutual Funds.
GSAM is one of the largest MLP managers based on assets under management, with a strong presence in the sector. The team’s investment process focuses on trends in exploration and production and its resulting implications on energy infrastructure, with top-down sector allocation and bottom-up stock selection.
The Fund invests primarily in MLPs. It is offered in Class A and Class C Shares, both with $1,000 minimum initial investments. It also offers Institutional, Class R and Class IR Shares.
Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which manages $854 billion as of December 31, 2012. Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. Please see additional disclosures.
