Goldman Sachs AM launches green bond ETF

Goldman Sachs Asset Management has launched a new green bond exchange traded fund.

The Goldman Sachs Global Green Bond UCITS ETF tracks an index developed with Solactive and is, says Goldman, amongst the first passive green bond funds in the industry to track a bespoke index. It is classified under Article 9 of SFDR.

The fund provides exposure to the Solactive Global Green Bond Select Index and looks to include companies with a lower climate risk than comparable passive benchmarks. It tracks global G10 green bond issuance and includes sustainable investment screens such as controversy, project and sector exclusions.

Bram Bos, Global Head of Green, Social & Impact Bonds at Goldman Sachs Asset Management, said, “The latest addition to our growing green bonds fund range demonstrates our continued commitment to offer investors a plethora of ways to access the green bonds markets. Today’s green bond investors include a growing number of traditional fixed income clients, not just those focused primarily on impact and environmental, social and governance criteria.” “Green bonds are an important source of investment to drive the climate transition, reflected in record issuance last year. The widening range of issuers include companies and governments around the world, seeking investment to drive their plans to reduce greenhouse gas emissions and guard against physical climate risks.”