Impact Fund and Green Bond Fund
Goldman Sachs Asset Management (GSAM) announced the launch of a new Impact Fund and a USD Green Bond Fund aimed at providing investors with sustainable asset allocation options.
The Global Impact Corporate Bond Fund and USD Green Bond Funds will be managed by the Green, Social and Impact bonds team. The team comes from GSAM’s acquisition of NN Investment Partners last year. NN Investment Partners is originated from the asset management department of ING, and has rich experience in ESG investment.
Two Funds Meet Article 9 Classification
The Global Impact Corporate Bond Fund will invest in green, social and sustainable bonds and comply with the Sustainable Development Goals (Sustainable Development Goals, referred to as SDGs) announced by the United Nations. The investment scope will cover global investment-grade bonds and high-yield bonds. USD Green Bond Funds will invest in green bonds denominated in US dollars, and the investment scope will cover global government bonds as well as investment grade bonds and investment grade credits.
Related Post: Intercontinental Exchange Released Impact Bonds Report
GSAM said that the impact fund and green bond fund will make information disclosures in accordance with Article 9 of the European Sustainable Finance Disclosure Regulation (SFDR) requirements. At present, among all Article 9 funds, stock funds account for the highest proportion (74%). The two funds will provide effective supplements to sustainable funds market. Both funds will be marketed in Europe.