Tuesday, Apr 11, 2017

Dubai:

Goldman Sachs Asset Management (GSAM) said it has become the first asset manager to register foreign investment funds for retail investors in the United Arab Emirates, the firm’s regional hub in the Middle East.

The registration follows a new mutual fund regulation introduced by the Emirates Securities and Commodities Authority in 2016, which for the first time authorises asset managers to register foreign mutual funds for distribution by approved local partners.

GSAM’s fund range includes equity, fixed income, multi asset and alternative investment solutions, drawing on GSAM’s global investment expertise.

“The global market volatility and low yield environment underscores the need for established and innovative investment solutions that deliver diversified sources of income and rigorous risk management”, said Oliver Rahe, Head of Third Party Distribution for Middle East and Africa, GSAM.

Funds offered include the GS US Real Estate Balanced Portfolio, which is a diversified multi asset fund offering exposure to the US housing market and the GS Global Multi Manager Alternatives Portfolio, an absolute return strategy which provides access to a select range of leading alternative managers.

Staff Report

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