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September 10, 2020 | Press Releases

Goldman Sachs Asset Management Launches U.S. Aggregate Bond Exchange Traded Fund

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Goldman Sachs Access U.S. Aggregate Bond ETF (Ticker: GCOR)
Offers Smart Beta Exposure to Bond Markets

NEW YORK, September 10, 2020 – GSAM today announced the launch of GCOR, an exchange-traded fund (“ETF”) that seeks to offer smart beta exposure to the total investment grade U.S. bond market. GCOR is competitively priced to investors at 14 basis points and is GSAM’s seventh Access fixed income ETF.1

GCOR is the first aggregate bond ETF offered by GSAM, which will provide investors exposure across the bond market, including U.S. Treasury, government sponsored, asset backed, mortgage backed, and corporate bonds. The underlying index has been designed to minimize exposure to issuers showing certain signs of deterioration through the use of certain liquidity and fundamental screening criteria.

 “We pride ourselves on our ability to deliver innovative products that meet client demand and market need, as we have continued to do with our Access fixed income ETF suite,” said Michael Crinieri, GSAM’s Global Head of ETF Strategy. “GCOR will provide investors with a simple and transparent aggregate exposure that is enhanced by GSAM’s proprietary smart beta strategies, all backed by the global platform and resources of Goldman Sachs.”

GCOR seeks to track the FTSE Goldman Sachs US Broad Bond Market Index, owned and calculated by FTSE Fixed Income LLC (the “Index Provider” or “FTSE”) using concepts developed with GSAM. The Index uses a transparent, rules-based methodology, designed to measure the performance of bonds that meet certain liquidity and fundamental screening criteria.

GCOR will be passively managed by GSAM’s Global Fixed Income team, whose deep market expertise and extensive resources will aid in trade execution and optimizing portfolio construction.

GSAM’s complete Access ETF suite is below:

 

About Goldman Sachs Asset Management, L.P. (GSAM)

GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which supervises more than $1.6 trillion in assets as of June 30, 2020.8 Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and high-net-worth individuals.


Media Contact:

Patrick Scanlan | Goldman Sachs | 212-902-5400