Goldman Sachs Europe High Yield (Former NN) - P Cap USD (hedged ii)
ISIN LU0985462430 / Valor 22594048
Goldman Sachs Europe High Yield (Former NN) - P Cap USD (hedged ii)
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General Objective
The fund primarily invests in corporate bonds denominated in European currencies with a higher risk and therefore with a higher interest rate (so called high yield bonds, with a quality rating lower than BBB). The aim is to beat the performance of the benchmark BofA Merrill Lynch European Currency High Yield Constrained Index, ex sub-financials, over a period of several years.
Fund Exposure
The fund is exposed to European high yield corporate bonds, actively managed to exploit differences in returns of companies issuing bonds within sectors and regions. The fund's positioning can deviate significantly from the benchmark, with a strong focus on issuer selection and diversification. Issuer deviation limits are maintained for risk management purposes.
Risks
The fund's overall market risk is considered high due to the nature of the bonds used to reach the investment objective. Expected credit risk is high, liquidity risk is set to high, and currency fluctuation may impact performance. Investments in a specific geographic area are more concentrated, and there is no guarantee provided for the recovery of the initial investment.
Source
https://am.gs.com/en-no/institutions/funds/detail/PV104802/LU0529383175/goldman-sachs-europe-high-yield-former-nn
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