Learn how to access to many of the best of Asia companies through an investment approach built on detailed, locally informed research and closely managed risk.
In the Spotlight
In the ever-changing landscape of the market, opportunities come and go in a flash. What does it take to keep you ahead of the curve?
In the Spotlight
In the ever-changing landscape of the market, opportunities come and go in a flash. What does it take to keep you ahead of the curve?
In The Spotlight
In the ever-changing landscape of the market, opportunities come and go in a flash. What does it take to keep you ahead of the curve?
Explore how we can help you
Talk to UsAsia’s growth story is well known. However, we believe scale of China’s economy can distract investors and commentators from the investment potential of the region as a whole. In fact, Asia is home to the majority of the world’s economic growth and companies throughout the region have been buoyed up by strong government policy making and improved sovereign credit ratings.
Goldman Sachs Asia High Yield Bond Portfolio (GS Asia High Yield Portfolio) may provide investors with access to many of the best of these companies through their bonds. With an investment approach built on detailed, locally informed research and closely managed risk, GS Asia High Yield Portfolio offers high potential total returns.
What does that mean?
of global population
Source: weforum.org. As of April 2, 2019.of the world’s 50 largest cities are in Asia
Source: IIED.org. As of January 16, 2020.of the world’s middle class call Asia home
Source: weforum.org. As of July 13, 2020.USD Asia high-yield bond market size, following 20 years of sovereign credit improvement
Source: JP Morgan. As of June 30, 2021.In an otherwise low-yield world, Asia’s dynamic growth and high yields create the possibility of strong total returns with low interest-rate exposure:
Developing Asia showed the smallest GDP contraction through the pandemic and has the highest average GDP growth forecast of 7% over next two years – significantly higher than global advanced economies
Robust fundamentals and a favourable growth backdrop help to contain default risks
17 countries and more than 270 distinct debt issuers across a variety of sectors
The USD Asia high yield bond market size has grown more than 100% in the last five years and is now valued at over $300 bn
Source: JP Morgan. As of June 30, 2021.In our view, GS Asia High Yield Bond Portfolio offers investors access to continued strong growth in Asian corporate debt with an established partner using a clear and differentiated investment approach:
Our investment philosophy is simple: one company at a time. Our ‘bottom-up’, research-intensive process combines specialist expertise with local knowledge and the resources of a global firm to carefully select companies for our portfolio:
GS Asia High Yield Bond Portfolio is an actively managed portfolio, drawing on the strength of our local knowledge to carefully select investments across countries and sectors.
Relative to other comparable fixed-income sectors, Asia high yield valuations are attractive as an asset class on a global stage, but we are careful to balance our portfolio between issuers and sectors that offer value and resilience, identifying opportunities to capture both income and capital appreciation. Our active approach seeks to generate superior risk-adjusted returns and deliver smoother investment performance.
ESG analysis is one of the most significant themes in global investment as investors, regulators, ratings agencies and, above all, consumers look to businesses to raise standards. In line with Goldman Sachs’ global commitment to ESG, this analysis is an integral part of our research and investment approach.
Our proprietary ESG analysis plays a key role in our firmwide risk management to identify well-run companies, red-flagging those with poor or weak governance and helping to contain credit default events.
Experienced Asia credit team – our team is close to the information flow, with extensive presence in the local market, and is experienced through multiple market cycles, resulting in truly active management
Global leader in Asia and Emerging Market Debt investing, managing over $6 bn in Asia Credit bonds and $41 bn across dedicated Emerging Market Debt mandates
Strong Asia High Yield track record with consistent performance and risk-adjusted returns since 2011
Large team – team of 32 professionals in Emerging Market Debt team and 300+ in Fixed Income team
Resources of a global asset manager* (>$1.3 tr Assets Under Management) – global team with global research and trading footprint
Source: Goldman Sachs Asset Management. As of June 30, 2021.Learn how to access to many of the best of Asia companies through an investment approach built on detailed, locally informed research and closely managed risk.
To potentially advance to the best of the Asia high yield asset through companies’ bonds, let us look at Asia in the investment case, the current themes and the approaches for Asia high yield bonds today!