The funds will be managed by local Goldman Sachs Asset Management International equity teams in Brazil and China.
The funds are offered in A and C Shares, both with $1,000
minimum initial investments. The funds also offer Institutional and R
& IR Shares. The Brazil Equity Fund has ticker symbol GZIAX and the China Equity Fund is GNIAX.
“We are pleased to announce the launch of the Brazil and
China Equity Funds, which will allow investors to access tremendous
investment opportunities in these important growth markets,” said Don
Gervais, Global Head of Fundamental Equity Product Management at Goldman
Sachs Asset Management. “These offerings
complement the BRIC Fund that GSAM launched in 2006, and will take full
advantage of our on-the-ground research resources and investment
expertise in Brazil and China.”
Research from Strategic
Insight, an Asset International company, found that 20 of the top 25 fastest growing fund firms had less than $5 billion in stock and bond fund assets
under management as of March 2010.
Smaller fund managers’ focused and specialized investment
skills – and high-conviction philosophies – continue to garner
tremendous appeal in certain areas of the marketplace, Strategic Insight (SI) concluded.
Fastest Growing Fund Managers 12 Months Ending March 2011*
Stock and Bond Funds; Exc. VA Funds
Source: Strategic Insight Simfund
*Managers with at least $1 billion at the beginning of period 3/10, or if smaller,
with at least $1 billion of net inflows during the prior 12 months
Within
roughly $56 billion of total net inflows garnered by this group of
25 managers over the 12 months ended March 2011, a large majority of
such commitments were to equity funds. In fact, nearly one-half of this
total ($27 billion) flowed into U.S. Equity funds, while International
Equity funds attracted an additional $17 billion among Strategic
Insight’s peer group over this period.
SI said this
breakdown of net flows in favor of equity funds runs in contrast to
overall industry trends, where Taxable Bond funds have attracted over
$200 billion of net inflows over the 12 months ended March 2011 –
accounting for about 60% of the industry’s $340 billion of total net
deposits.
Among the group of the 25 fastest
growing managers, bond funds accounted for just $11 billion of total net
inflows. More than one-half of such bond fund deposits came via
DoubleLine Capital – the top-growing manager over the 12 months ended
March 2011. SI’s
Simfund database, which has comprehensive mutual fund data going back
more than 25 years, DoubleLine’s $5.9 billion of net inflows since the
firm’s inception in April 2010 makes it the fastest-growing U.S. mutual
fund manager ever during its first year of operation (based on the
amount of money raised from investors in the first 12 months after
launch of the manager’s first publicly offered fund).
Many
of the managers identified by the study focused on providing consistent
Web posts, and frequent white papers, press releases and e-mails in
order to communicate their investment philosophies in up and down
markets.
A number of the fastest-growing firms in
Strategic Insight’s peer group specialize in ETFs (and exchange traded
notes). In particular, strong net inflows to ETFs spurred each of Global
X Management, ETF Securities USA, JP Morgan Chase and ALPS Advisors to
rank within the top-10 fastest growing managers over the 12 months ended
March 2011.