Goldman Sachs Asset Management filed a preliminary prospectus with the Securities and Exchange Commission for six new exchange-traded funds.
The six ETFs are the Goldman Sachs Access U.S. Aggregate Bond ETF, Goldman Sachs Access China Bonds ETF, Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF, Goldman Sachs Access Investment Grade Corporate 10+ Year Bond ETF, Goldman Sachs Access Total Bond Market ETF and Goldman Sachs Access U.S. Treasury Total Market Bond ETF, it said in the filing.
Each fund “seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index,” the firm said in the filing.
With the exception of the Goldman Sachs Access U.S. Treasury Total Market Bond ETF, each fund “may also invest up to 20% of its assets in securities and other instruments not included in the Index but which the Investment Adviser believes are correlated to the Index, as well as in, among other instruments, futures (including index futures), swaps, other derivatives, investment companies (including ETFs), cash and cash equivalents and money market instruments,” according to the filing.
280 CapMarkets’ Updates
280 CapMarkets introduced updates to its BondNav software-based price discovery and trading platform that it said further streamlines bond investing and portfolio management for financial advisors and their investor clients.
The new features include: daily email alerts highlighting bonds that match user inquiries; an easier way to sell bonds; the ability for advisors to seamlessly monitor their portfolios, view search matches and obtain trade ideas, all within BondNav’s dashboard; and access to details on thousands of direct corporate and municipal offerings, the firm said.
“We continue to act on feedback from independent advisors to improve their bond management process and achieve better pricing,” according to Gurinder Ahluwalia, CEO and co-founder of 280 CapMarkets.
“With the yield curve flattening and even inverting, advisors need every possible advantage to improve fixed-income returns for clients,” he said in a statement, adding: “The ongoing updates to our best-in-class technology give advisors an even stronger edge.”
New Fund Launch
The Rational Special Situations Income Fund (RFXIX) was launched by Rational Advisors of Huntington, New York, which now offers a family of nine mutual funds.
The firm’s new fund uses an investment strategy that it said in an announcement is mainly focused on non-agency residential mortgage backed securities.
The fund, which originally launched as a hedge fund in 2009 and was converted into a mutual fund by the company, “retains the same strategy and management team and has an average annualized return of over 16% since inception,” it said.