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April 20, 2024
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Hedge Funds

3 Goldman Sachs Mutual Funds to Watch for Gains in 2024


Goldman Sachs Asset Management (GSAM)is one of the world’s largest asset management companies, with over $2.6 trillion in assets under supervision as of Sep 30, 2023. It has provided individual and institutional investors with a wide range of products and services since 1988.

GSAM has expertise in providing investment solutions, including fixed income, money markets, public equity, commodities, hedge funds, private equity and real estate. The company uses proprietary strategies, strategic partnerships and open architecture programs for various asset classes, industries and geographies.

GSAM has a team of more than 800 investment professionals across 31 offices all over the world who capitalize on Goldman Sachs’ technology, risk-management skills and market insights. The fund house provides investors, who wish to diversify in various asset classes but lack professional expertise in managing funds, with various strategic investment funds.

We have thus selected three Goldman Sachs mutual funds that have not only preserved investors’ wealth but also generated excellent returns amid market uncertainties. The fund house has a reputation as a trusted partner and has long-term financial success. Uncertainties over the Federal Reserve’s interest decision could impact corporate performance. These funds have the majority of their investments in sectors such as energy, utilities, technology, finance, retail trade and industrial cyclical, which will help in long-term growth and preservation of wealth.

These funds boast a Zacks Mutual Fund Rank #1 (Strong Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and a low expense ratio compared to the category average. Notably, mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges mostly associated with stock purchases (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).

Goldman Sachs MLP Energy Infrastructure Fund GMNPX fund invests most of its assets, along with borrowings, if any, in equity or fixed-income securities issued by domestic and foreign energy infrastructure companies. GMNPX advisors may also invest a small portion of the fund’s net assets in non-energy sectors.

Christopher A Schiesser has been the lead manager of GMNPX since Jan 10, 2023. Most of the fund’s exposure was in companies like Energy Transfer (14.6%), Enterprise Products Partners (12.2%) and MPLX (11.5%) as of Nov 30, 2023.

GMNPX’s three-year and five-year annualized returns are almost 27.3% and 7.1%, respectively. GMNPX has an annual expense ratio of 1.06% compared to the category average of 1.56%.

To see how this fund performed compared to its category and other 1, 2, and 3 Ranked Mutual Funds, please click here.

Goldman Sachs Focused Value GGYPX fund invests most of its assets along with borrowings, if any, in a diversified portfolio of common stocks, preferred stocks and other instruments with equity characteristics. GGYPX advisors choose to invest in quality companies that are undervalued with competitive advantages over the industry peers and have sustainable growth potential.

Kevin Martens has been the lead manager of GGYPX since Dec 26, 2019. Most of the fund’s exposure was in companies like Exxon Mobil (5.6%), Salesforce (5.3%) and Ameren (4.8%) as of Nov 30, 2023.

GGYPX’s three-year and five-year annualized returns are almost 11.8% and 12.4%, respectively. GGYPX has an annual expense ratio of 0.70% compared to the category average of 0.94%.

Goldman Sachs Large Cap Growth Insight GLCGX fund invests most of its assets along with borrowings, if any, in a diversified portfolio of equity securities in large-cap domestic and foreign companies traded in the United States. GLCGX advisors may also invest in fixed-income securities.

Takashi Suwabe has been the lead manager of GLCGX since Feb 27, 2021, and most of the fund’s exposure is in companies like Microsoft (12.6%), Apple (11.0%) and Amazon.com (6.8%) as of Oct 31, 2023.

GLCGX’s three-year and five-year annualized returns are almost 9.2% and 15.2%, respectively. GLCGX has an annual expense ratio of 0.96% compared to the category average of 0.99%.

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