Retail Banks

Goldman Sachs Asset Management announces launch of Global Multi-Asset Income Portfolio in Hong Kong

Goldman Sachs Asset Management (GSAM) has the launch of the Goldman Sachs Global Multi-Asset Income Portfolio (GMAI) to retail investors in Hong Kong.

China CITIC Bank International Limited (CNCBI) is the first bank in Hong Kong to distribute the fund. CNCBI joins a network of five retail distributors that facilitates local access to GSAM funds, following the addition of Citibank (HK) Limited in May, GSAM said in a press release.

Gladys Chan, Head of Retail Client Business, Hong Kong, Goldman Sachs Asset Management, said: “This launch marks our further expansion in the Hong Kong retail market as we continue to bring differentiated products to local investors.”

“The addition of GMAI to our product offering reflects investors’ search for income as the low-yield environment is set to continue,” she added.

The fund, along with three others listed below, were authorized by the Securities and Futures Commission of Hong Kong (SFC) in May for retail distribution in Hong Kong:

  • Goldman Sachs Emerging Markets Multi-Asset Portfolio.
  • Goldman Sachs Global Millennials Equity Portfolio.
  • Goldman Sachs US CORE® Equity Portfolio.

More  details about the funds and their applicable risks can be found on the GSAM website.