The funds will seek to achieve a long-term return by investing in fixed income securities rated below investment grade (high-yield bonds). Top-down asset allocation is combined with bottom-up security selection by Goldman Sachs’ Fixed Income and Liquidity Solutions team, Goldmans said. The team consists of more than 370 financial professionals with expertise across regions, sectors and markets, managing over $1.75 trillion in assets globally. The strategies aim to beat their benchmarks over the long-term by selecting securities and obtaining exposures by analysing quantitative and technical factors to evaluate investment opportunities.

The launch follows Goldman Sachs Asset Management’s recent entry into active ETFs in the EMEA market, reaffirming the firm’s commitment to making its investment capabilities available through the ETF wrapper.

Active ETFs combine the benefits of actively managed strategies with the transparency, flexibility and potential cost benefits of an ETF wrapper. An active management approach can help investors capture market inefficiencies, navigate turbulence and mitigate company-specific risks through active credit selection.

The new ETFs, which are listed on the London Stock Exchange and Deutsche Börse, with Borsa Italiana and SIX to follow, will be registered in key markets across EMEA.

“Our clients remain focused on their strategic allocations in fixed income, looking to active management to take advantage of changing market dynamics. These new ETFs benefit from the advantages offered by the ETF wrapper while leveraging Goldman Sachs Asset Management’s long history and deep expertise in actively managing fixed income assets," Hilary Lopez, head of the EMEA Third Party Wealth Business at Goldman Sachs Asset Management, said.

Goldman Sachs Asset Management manages 51 ETF strategies globally as of today, representing over $38.7 billion in assets as of 31 December 2024.

Wellington Management
, an independent investment management firm, has merged four long-standing UCITS funds from FCP vehicles into SICAV vehicles.

The funds, with a combined total of $7.3 billion in assets under management, are now more accessible for UK-based wealth managers to include in their client portfolios. In addition to broadening the accessibility of the funds in the UK and European markets, the SICAV structure provides clarity of tax treatment, alongside additional governance benefits, such as shareholder voting rights and increased transparency, Wellington said.

“In today’s world, clients are increasingly doing more with fewer key strategic partners. As a result, it’s imperative we develop a broad toolkit of solutions in the most appropriate and accessible wrappers for wealth managers and advised retail clients,” Matt Knight, head of distribution for UK & Ireland for Wellington Management, said.

The newly-introduced funds are:

1. Wellington Global Quality Growth Fund, launched in March 2011, is managed by Steven Angeli. An actively managed global equity fund with an emphasis on balancing growth, valuation, total capital return and quality, it seeks to deliver long-term returns in excess of the MSCI All Country World Index. Since inception, it has delivered a cumulative return of 411.9 per cent net of fees (12.8 per cent annualised) versus its benchmark of 222.0 per cent (9.0 per cent annualised). 

2. Wellington Climate Strategy Fund, launched in November 2018, is managed by Alan Hsu. An actively managed global equity fund, it focuses on firms that contribute to the environmental objective of climate risk mitigation and adaptation. The fund seeks to deliver long-term total returns in excess of the MSCI All Country World Index. Since inception, it has returned 99.3 per centnet of fees (11.9 per cent annualised) versus the benchmark of 86.8 per cent (10.7 per cent annualised).

3. Wellington Asia Technology Fund, launched in March 2018, is managed by Yash Patodia. An actively managed Asian equity fund, it seeks to deliver long-term total returns in excess of the MSCI All Country Asia Pacific Technology Custom Sector Index by investing in the best-run Asian companies powering the growth of the multi-year tech cycle. Since inception, it has returned 59.0 per cent net of fees (7.1 per cent annualised) versus the benchmark of 56.4 per cent (6.8 per cent annualised).

4. Wellington Global Innovation Fund, launched in February 2017, is managed by Michael Masdea and Brian Barbetta. An actively managed global equity fund, it seeks to deliver long-term capital appreciation in excess of the MSCI All Country World Index by investing in firms that are drivers or beneficiaries of innovation. Since inception, it has delivered a cumulative return of 170.0 per cent net of fees (13.5 per cent annualised) versus the benchmark of 117.6 per cent (10.4 per cent annualised).

Wellington operates 19 offices around the world including London, Luxembourg, Milan, Madrid, Frankfurt, Zurich and Dubai.