With more than $1 trillion assets under management, Goldman Sachs Asset Management (GSAM) prides itself in having more than 2,000 professionals across 33 offices worldwide, since its inception in 1869. GSAM offers financial services including investment and advisory solutions along with risk management expertise to institutional and individual investors throughout the globe. With its global multi-product platform, this renowned financial management company offers its clients innovative investment solutions that come.
Below we share with you three top-rated Goldman Sachs mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future.
Goldman Sachs Global Income A (MUTF:GSGIX) seeks total return. GSGIX invests a large chunk of its assets in fixed income securities issued throughout the globe. The fund may also invest in forward contracts and swap contracts. Goldman Sachs Global Income A is a non-diversified fund that returned 0.9% over the past four weeks.
As of Dec. 2015, GSGIX held 1,463 issues with 9.03% of its assets invested in Ginnie Mae Jumbos TBA 4% 2045-12-01.
Goldman Sachs Balanced Strategy Services (MUTF:GIPSX) invests around half of its assets in underlying funds, which in turn allocate their assets in fixed income securities. GIPSX invests about 35% of its assets in equity funds and around 15% in dynamic funds. Goldman Sachs Balanced Strategy Services returned 3.5% over the past four weeks.
GIPSX has an expense ratio of 0.69% as compared to the category average of 1.07%.
Goldman Sachs Growth & Income Strategy A (MUTF:GOIAX) seeks capital growth over the long run. GOIAX allocates nearly 55% in underlying funds that focus on acquiring equity securities. The fund also invests around 30% of its assets in fixed income funds. About 15% of its assets are allocated in underlying dynamic funds. Goldman Sachs Growth & Income Strategy A returned 4.8% over the past four weeks.
William Fallon is one of the fund managers of GOIAX since 2007.