Goldman Sachs Global High Yield (Former NN) - X Cap EUR (hedged iii)
ISIN LU0548664886 / Valor 11840720
Goldman Sachs Global High Yield (Former NN) - X Cap EUR (hedged iii)
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General Objective
The fund primarily invests in a diversified portfolio of worldwide corporate bonds with a higher risk and therefore with a higher interest rate (so called high yield bonds, with a quality rating lower than BBB). Measured over a period of several years, the aim is to beat the performance of the benchmark.
Fund Exposure
The fund is exposed to a mix of asset classes, including 70% Bloomberg Barclays US High Yield, 30% Bloomberg Barclays Pan-European High Yield, and 2% issuers capped ex financial subordinates. The fund actively manages its portfolio by combining analysis on specific issuers of corporate bonds with a broader market analysis to exploit differences in returns within sectors and regions.
Risks
The overall market risk associated with the bonds used to reach the investment objective is considered high. Factors impacting these financial instruments include the development of the financial market, economic conditions of issuers, and global economic and political situations. Expected credit risk and liquidity risk are also considered high for this fund.
Source
https://am.gs.com/en-ch/institutions/funds/detail/PV104693/LU0555026847/goldman-sachs-global-high-yield-former-nn
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