Goldman Sachs Converts 2 Fixed Income Funds to ETFs
Goldman Sachs Asset Management (GSAM) completed the conversion of two of its fixed income mutual funds to ETFs Monday. Per a press release, GSAM converted the Goldman Sachs Bond Fund and Goldman Sachs Income Fund into the Goldman Sachs Core Plus Bond ETF (GCPB) and the Goldman Sachs Income ETF (GINC), respectively.
Goldman Sachs ETFs Recently Hit $50 Billion in AUM
Goldman Sachs' ETF suite hit a new milestone this past week. The firm's ETFs saw their total AUM rise above $50 billion briefly, lifting the roster of ETFs into a new tier.
GBIL: A Recession-Resilient ETF
Recent market turmoil has shown that pure treasury funds like GBIL are the safest cash parking vehicles, outperforming other short-term funds during sell-offs. The Fund's longer duration profile and 0.12% expense ratio make it favorable in today's environment with expected Fed cuts, offering a stable NAV and 4.15% yield. Yield enhancement funds with higher dividends, like CSHI and JAAA, experienced significant drawdowns, highlighting the trade-off between higher yields and increased volatility.
GBIL: T-Bills At Your Convenience
Goldman Sachs Access Treasury 0-1 Year ETF offers convenience for investors seeking exposure to Treasury Bills without the hassle of buying directly from Treasury Direct. The GBIL ETF tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index and provides exposure to safe and stable short-term U.S. government debt. The fund has over $5 billion in assets and offers a 30-Day SEC Yield of about 5.16%, making it an appealing option for investors seeking yield with no default risk.
