We have been made aware that there are external parties falsely claiming to carry out financial services on behalf of Goldman Sachs (including Goldman Sachs Asset Management International and Goldman Sachs International) in order to market fake investment products and to solicit monetary payments. These external parties may pose as Goldman Sachs through the use of fraudulent communications via email, instant messaging or phone, as well as through the use of fake brochures and other documents containing Goldman Sachs branding and logos. The FCA has issued warnings about these fraudulent activities which can be found here and here. It is important to know that any communication you receive from Goldman Sachs would only come from an @gs.com e-mail address and/or be found on the goldmansachs.com website. Further information regarding how you can protect yourself from fraudulent activity online and how you can contact us about this can be found on the Goldman Sachs Security page, available here.
Your browser is out of date. It has known security flaws and may not display all features of this and other websites
Much Ado About Something? Demographics, Inflation and Asset Prices
The world’s population is aging rapidly, driven primarily by a combination of retiring baby boomers, falling fertility and rising life expectancy.
Demographic studies of this aging trend often predict large effects on inflation and asset prices, but also frequently contradict each other both in terms of direction and timing.
These conflicting views illustrate the complexities of measuring demographics and its potential effects.
In our view, rising life expectancy is likely to become the key driving force behind the aging phenomenon in the long run.
To capture this effect, we examine demographic trends by adjusting for rising life expectancy rather than use fixed age groups.
Based on our analysis, we draw two main conclusions: 1) demographics are probably overstated as a driver of inflation and asset prices; 2) over the next decade, demographics are likely to be modestly supportive for US inflation and modestly negative for equities and bonds.
As global markets grow increasingly interconnected and complex, investors may seek a strategic partner to help them reach their investment objectives through customized and holistic solutions across all asset classes. GSAM’s Multi-Asset business has decades of experience partnering with many of the world’s leading investors to help meet their unique needs across Outsourced Chief Investment Officer, partnership portfolios and fund solutions.