Goldman Sachs Asset Management has launched a new exchange-traded fund (ETF) focused on green and social bonds in emerging markets, as part of its expanding suite of active ETFs in Europe, the Middle East, and Africa (EMEA). The new product, named the Goldman Sachs Emerging Markets Green and Social Bond Active UCITS ETF (GEMS), will invest in fixed income securities issued by both corporate and sovereign issuers in emerging markets, where proceeds are earmarked for environmental and social initiatives.
The ETF will be listed on major European exchanges, including the London Stock Exchange, Borsa Italiana, Deutsche Börse, and SIX Swiss Exchange. According to the firm, the investment strategy integrates emerging market credit analysis with detailed scrutiny of the use of proceeds, drawing on the expertise of Goldman Sachs Asset Management’s Green, Sustainable, Social & Impact Bond Team, which oversees over $15 billion in assets as of 31 December 2024.
The move marks a continuation of Goldman Sachs Asset Management’s push into the active ETF space in EMEA, following the recent launch of several fixed income and equity funds.
Hilary Lopez, Head of EMEA Third Party Wealth at Goldman Sachs Asset Management, commented: “Our clients are increasingly seeking access to high-quality active investment strategies within the flexible and transparent ETF structure. This new fund builds on the momentum of our core active offerings and leverages the specialist capabilities of our impact bond team to provide targeted exposure to ESG themes in emerging markets.”
Bram Bos, Head of the Green, Sustainable, Social & Impact Bond Team, added: “As an established player in the active green bond space, we are well-positioned to offer investors access to this rapidly growing segment. Our approach combines issuer ESG screening and analysis of proceeds with a robust emerging market credit assessment.”
Goldman Sachs Asset Management now manages 59 ETF strategies globally, totalling more than $40 billion in assets as of 30 April 2025. The total expense ratio (TER) for the new GEMS ETF is 0.55 per cent.
