Goldman Sachs Asset Management is seeking to woo retirees with the launch of three multi-asset funds designed to meet a series of risk profiles.
The Wealthbuilder Multi-Asset Funds - the group's first foray into the multi-asset retail space - are designed to reduce reliance on equities for returns.
The new range will offer exposure to high yield bonds, emerging market debt, small-caps and passive funds. It will also take tactical views in order to exploit inefficiencies in the markets.
The SICAV funds will be managed by a 70-strong global portfolio solutions team headed by Raymond Chan and David Copsey. It will also be overseen by recently-recruited co-chief investment officer Neill Nuttall and global portfolio solutions international head Kathryn Koch.
Koch (pictured) said the launch marks the team’s expansion from institutional portfolios to retail clients: “One of the things we are focused on is the recent UK spring budget which set out to promote more flexibility for savers at retirement. We really think this will lead a lot of investors to review their long-term wealth approach.
“These Wealthbuilder funds represent a great retirement option for retirement savings. We are going to continue to put forward innovative solutions in this area.”
The funds will also stand out for their global approach, use of in-house ideas and lack of vulnerability to equity markets, she added.
The multi-asset funds are the first GSAM has created in the UCITS space, and are offered in a range of hedged share classes for GBP, USD and EUR-based investors.
