Goldman unveils co-managed long-only blue chip equities fund
Goldman Sachs Asset Management (GSAM) has launched a long-only fund seeking to invest in a concentrated group of high-quality companies across emerging markets, known as the Goldman Sachs GQG Partners International Opportunities Fund. The fund seeks to take on less risk than comparable international funds over a full market cycle, whilst outperforming them. GSAM currently supervises about $1.15tn in assets, and this new fund will be managed by Rajiv Jain, chief investment officer of GQG Partners, an investment firm focused on global and international equities.
NEW YORK--(BUSINESS WIRE)--Goldman Sachs Asset Management (“GSAM”) today announced the launch of the Goldman Sachs GQG Partners International Opportunities Fund (Class A Share:GSIHX). The long-only fund will be managed by Rajiv Jain, a 25-year investment industry veteran and Chairman and Chief Investment Officer of GQG Partners LLC (“GQG Partners”). Goldman, Sachs & Co. will serve as the distributor for the Fund.

The Fund seeks to invest in a concentrated group of high-quality companies that GQG Partners believes are reasonably priced across developed and emerging markets. GQG Partners’ active strategy adjusts the Fund’s portfolio in changing market conditions and seeks to take less risk than—but still outperform—comparable international funds over a full market cycle.

“Many investors need more international exposure in their portfolios as well as a focus on achieving long-term results,” said Rachel Schnoll, Managing Director, Head of Product Strategy at GSAM. “Rajiv has become a trusted partner of the firm, helping to manage our clients’ assets for almost a decade. And we believe his investment strategy will further help clients achieve their long-term goals.”

GQG Partners is a boutique investment firm focused on global and international equities. Prior to the founding of GQG Partners, Mr. Jain was the Chief Investment Officer of Vontobel Asset Management. He was selected as Morningstar’s International-Stock Fund Manager of the Year in 2012.1

“With its global reach, commitment to excellence, and client-focused culture, GSAM is the ideal strategic partner for GQG Partners,” said Mr. Jain. “GSAM’s reach and scale will allow a broader spectrum of investors across the U.S. and the rest of the world to gain better access to our capabilities.”

About Goldman Sachs Asset Management

GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE:GS), which supervises approximately $1.15 trillion in assets as of September 30, 2016. 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.

1 Rajiv Jain received the award at a predecessor firm related to the management of the Virtus Foreign Opportunities Fund and Virtus Emerging Markets Opportunities Fund. Morningstar selections come from the universe of funds that have current Morningstar Analyst Ratings of Gold, Silver, or Bronze, an indication that Morningstar analysts have conviction in the managers’ ability to outperform their categories and/or benchmarks on a risk-adjusted basis over the long haul. To get such a rating, Morningstar analysts use Morningstar’s five-pillar framework to go in-depth on Process, People, Performance, Parent, and Price, and then must take their recommended rating through the Morningstar Ratings Committee for approval. Nominees are generated within Morningstar’s analyst asset-class teams. Morningstar has four: Equity, Fixed Income, Multiset, and Alternatives. Then, the entire analyst team gets together to discuss the nominees and vote on the winners. While the Morningstar Manager of the Year award winners have distinguished themselves in the past calendar year, Morningstar has never simply chosen the best-performing funds. The award recognizes managers who have not only just completed outstanding years but also have added on to already-stellar records. https://corporate.morningstar.com/us/asp/subject.aspx?xmlfile=174.xml&filter=PR4885

© 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Fund Risk Considerations

The Goldman Sachs GQG Partners International Opportunities Fund invests primarily in equity investments in companies that are located outside the U.S. Foreign and emerging markets investments may be more volatile and less liquid than investments in U.S. securities and are subject to the risks of currency fluctuations and adverse economic or political developments. The Fund may invest heavily in investments in particular countries or regions and may be subject to greater losses than if it were less focused in a particular country or region. The Fund’s investments in other investment companies (including ETFs) subject it to additional expenses. Different investment styles (e.g., “growth,” “value” or “quantitative”) tend to shift in and out of favor, and at times the Fund may underperform other funds that invest in similar asset classes. The Fund’s equity investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors and/or general economic conditions. The securities of mid- and small-capitalization companies involve greater risks than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements. The Fund is “non-diversified” and may invest more of its assets in fewer issuers than “diversified” funds. Accordingly, the Fund may be more susceptible to adverse developments affecting any single issuer held in its portfolio and to greater losses resulting from these developments.

General Disclosures

Assets Under Supervision (AUS) includes assets under management and other client assets for which Goldman Sachs does not have full discretion.

Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.

The Fund is newly organized and does not have an operating history.

Views and opinions expressed are for informational purposes only and do not constitute a recommendation by GSAM to buy, sell, or hold any security. Views and opinions are current as of the date of this press release and may be subject to change, they should not be construed as investment advice.

A summary prospectus, if available, or a Prospectus for the Fund containing more information may be obtained from your authorized dealer or from Goldman, Sachs & Co. by calling 1-800-621-2550 (institutional) or 1-800-526-7384 (retail). Please consider a fund’s objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the Prospectus carefully before investing. The summary prospectus, if available, and the Prospectus contain this and other information about the Fund.

A long investment in a security, such as a stock or a bond, means the holder of the position will profit if the price of the security goes up.

The website links provided are for your convenience only and are not an endorsement or recommendation by GSAM of any of these websites or the products or services offered. GSAM is not responsible for the accuracy and validity of the content of these websites.

Goldman, Sachs & Co. is the distributor of the Goldman Sachs GQG Partners International Opportunities Fund.

© 2016 Goldman Sachs. All rights reserved. Compliance Code: 76806-OTU. Date of First Use: December 15, 2016.