Local retail investors can now access GSAM’s fund through seven retail distributors.
Goldman Sachs Asset Management (GSAM) has partnered with The Bank of East Asia, Limited (BEA) to distribute GSAM’s investment funds to retail investors in Hong Kong.
In a press release, GSAM said the Goldman Sachs Global Multi-Asset Income Portfolio will be available through this network to Bank of East Asia’s retail, private banking and corporate banking customers.
With the addition of the Bank of East Asia, Hong Kong retail investors now have access to GSAM’s funds through seven retail distributors in the local market.
The portfolio is run by a team established in 1995. Total assets under management by the team have exceeded US$157b.
The team has reportedly formulated a three-pillar income portfolio through interacting with an expert for each core asset allocation, including a fixed income specialist, fundamental equities expert and a QIS quantitative investing team that is responsible for options trading, GSAM added.
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