Goldman Sachs AM launches EM green and social bond ETF

Goldman Sachs Asset Management has launched an ETF targeting green and social bonds across emerging markets.

The Goldman Sachs Emerging Markets Green and Social Bond Active UCITS ETF invests mainly in fixed income across corporate and sovereign issuers in emerging markets, where issuers intend to allocate the proceeds for green or social contributions.

The ETF, which will list on exchanges including the London Stock Exchange, has a total expense ratio of 0.55%.

“As a leading active Green Bond Fund manager, we believe Goldman Sachs Asset Management is uniquely positioned to give investors access to this quickly growing asset class,” said Bram Bos, head of the green, sustainable, social & impact bond team at Goldman Sachs Asset Management.

“Through our benchmark aware investment process, we incorporate in-depth analysis of the use of proceeds and issuer ESG screening, with sound and proven EM Credit analysis.”