Goldman Sachs Asset Management announced the launch of the Goldman Sachs Global Green Bond UCITS ETF (“the Fund”), an ETF tracking an index developed with Solactive. The Fund is amongst the first passive green bond funds in the industry to track a bespoke index and will make disclosures under Article 9 of SFDR. The Fund builds on the firm’s active green bond offering and provides exposure to the Solactive Global Green Bond Select Index. The index has been developed in partnership with Goldman Sachs Asset Management’s dedicated Green, Social and Impact Bonds team, who have helped Goldman Sachs Asset Management grow to be the largest active Green Bond open-ended fund manager in the UCITS space, by both assets under supervision and 2023 net flows1. As part of the index methodology, the Green, Social and Impact Bonds team applies their enhanced sustainable investment screening at both the issuer and bond level. As a result of this, the index seeks to include companies with a lower climate risk than comparable passive benchmarks.
The Fund aims to track global G10 green bond issuance and enables investors to replace a portion of their existing global fixed income portfolios with bonds that meet certain sustainable investment screens, including controversy exclusion, project and sector exclusions and an analysis of issuers’ climate transition policies. The Fund forms part of Goldman Sach Asset Management’s global fixed income and liquidity solutions offering, which represents over $822 billion in assets under supervision as of December 29, 2023. The firm recently surpassed $10 billion in dedicated Green, Social and Impact bonds assets under supervision, from which $5.5bn is in open-ended funds. The Fund is available under the ticker GSGR on the London Stock Exchange in EUR & GBP, the SIX Swiss Exchange in EUR, Xetra in EUR, and the Borsa Italiana in EUR.
Source- Goldman Sachs Asset Management Launches Global Green Bond ETF (gsam.com)
About the Authors
Associate Director, Investment Banking
Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.
Delivery Manager, Investment Banking
Puja has 6 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.
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