Goldman Sachs Asset Management Expands Fixed Income ETF Range with Two Active High Yield Bond ETFs

Goldman Sachs Asset Management has launched two actively managed high-yield bond ETFs in EMEA: the Goldman Sachs USD High Yield Bond Active UCITS ETF (GSHY) and the Goldman Sachs EUR High Yield Bond Active UCITS ETF (EUHY).
Goldman Sachs Asset Management Expands Fixed Income ETF Range with Two Active High Yield Bond ETFs
5 February 2025 – Goldman Sachs Asset Management announced the launch of two actively managed exchange-traded funds (“ETFs”) in EMEA:
  • Goldman Sachs USD High Yield Bond Active UCITS ETF (Ticker: GSHY)
  • Goldman Sachs EUR High Yield Bond Active UCITS ETF (Ticker: EUHY)

The funds will seek to achieve a long-term return by investing in fixed income securities rated below investment grade (high yield bonds). Top-down asset allocation is combined with bottom-up security selection by Goldman Sachs’ Fixed Income and Liquidity Solutions team, which brings together more than 370 financial professionals with deep expertise across regions, sectors and markets, managing over $1.75 trillion in assets globally1.

The strategies aim to outperform their benchmarks over the long-term by selecting securities and obtaining exposures by analysing quantitative and technical factors to evaluate investment opportunities.

The launch follows Goldman Sachs Asset Management’s recent entry into active ETFs in the EMEA market, reaffirming the firm’s commitment to making its investment capabilities available through the ETF wrapper.

Active ETFs combine the benefits of actively managed strategies with the transparency, flexibility and potential cost benefits of an ETF wrapper. An active management approach can help investors capture market inefficiencies, navigate turbulence and mitigate company-specific risks through active credit selection.
The new ETFs are listed on the London Stock Exchange and Deutsche Börse, with Borsa Italiana and SIX to follow. The ETFs will be registered in key markets across EMEA.

Hilary Lopez, head of the EMEA Third Party Wealth Business at Goldman Sachs Asset Management, said: “Our clients remain focussed on their strategic allocations in fixed income, looking to active management to take advantage of changing market dynamics. These new ETFs benefit from the advantages offered by the ETF wrapper while leveraging Goldman Sachs Asset Management’s long history and deep expertise in actively managing fixed income assets."

Kay Haigh, global co-head of Fixed Income and Liquidity Solutions at Goldman Sachs Asset Management, said: “The advent of active ETFs allows us to bring our long and successful track record in actively managing fixed income to market in a transparent and accessible investment vehicle. Investors will be able to gain direct exposure to the capabilities and expertise of our Fixed Income investment team, staying on top of the evolving market environment while benefitting from the flexibility offered by ETFs.”
Goldman Sachs Asset Management manages 51 ETF strategies globally as of today, representing over $38.7 billion in assets as of 31 December 2024.
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Goldman Sachs
Goldman Sachs
New York, United States
Goldman Sachs Alternatives Group provides investors with investment and advisory solutions across private equity, real estate, hedge funds, public equity strategies, and fixed income strategies. The AIMS Group manages globally diversified programs, targeted sector-specific strategies, customized portfolios, and a range of advisory services. The group also provides advice regarding mergers and acquisitions, financing, and other transactions and also provides their clients with insight, risk management, and execution. Investors access opportunities through new fund commitments, fund of fund investments, strategic partnerships, secondary-market investments, co-investments, and seed-capital investments.
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