Best Fund Provider Multi-asset Solution
Goldman Sachs Asset Management
Best Fund Provider – Multi-asset Solution
Shoqat Bunglawala
managing director, head of Global Portfolio Solutions
Goldman Sachs Asset Management – EMEA and Asia Pacific
“The Multi Asset Solutions team within GSAM is proud and honoured to be awarded this recognition from Asian Private Banker. With a track record of six years in delivering income and capital growth within the fund, we are delighted that our commitment and robust investment approach have been recognised.
Over the last year we have had the privilege of developing strong partnerships across Asia. We look forward to deepening these in 2021 as we remain focused on helping investors navigate a challenging investment environment.
Since yield is scarce, we believe a broad, global toolkit is needed for diversifying across asset classes so as to deliver a sustainable level of income and growth. We believe 2020 exemplified the strengths of our investment approach: we are flexible and adapt to the prevailing market environment in order to manage downside risk and concentrate on companies with robust balance sheets and earnings. Our investment team is highly selective in the companies that are included in the portfolio, focusing not only the level of yield but critically on the sustainability.”
Winners rationale
The search for income seemingly never comes to an end among Asia’s HNWIs, although the lower for longer yield environment has been a top theme over the past few years. Diversifying away from investing in pure fixed income into positioning around multiple income streams has played into the hands of Goldman Sachs Asset Management.The asset manager leads the multi-asset segment partly on account of the success of its flagship product, the Goldman Sachs Global Multi-Asset Income Portfolio. The strategy experienced decent inflows in 2020, representing more than 100% YoY growth in AUM.
By balancing its sources of income and by maintaining a robust diversification, the strategy enables investors to deliver strong total returns. The fund addresses a crucial challenge faced by investors searching for sustainable income alongside capital appreciation in a world of very low bond yields, high equity valuations and elevated uncertainty in the wake of the pandemic.
The investment team — with its proprietary asset allocation framework — goes beyond simply allocating capital across asset classes. Instead, it allocates risk across sources of return in markets. The numbers speak for themselves.
What sets the firm apart from peers is the breadth and depth of its client service. Employing a team approach to investment and client service, the firm brings together the relationship management and portfolio management teams to offer a cohesive client service experience.
Particularly in muted return environments such as today, the firm showcased how active management should play an important role in a diversified portfolio. Goldman Sachs Asset Management is therefore Asian Private Banker’s choice for Best Fund Provider – Multi-Asset Solution for 2021.
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