GSAM Launches EM Equity Fund

Goldman Sachs Asset Management(GSAM) has unveiled a long-only equity fund comprising 11 emerging markets,金融时报》reports. TheGoldman Sachs N-11Equity Portfoliowill invest in the 11 countries identified as the next markets (N-11), excluding Iran.

The fund will be available in Austria, Finland, France, Germany, Luxembourg, Netherlands, Norway, Singapore, Sweden and the U.K., addsGlobal Pensions. The fund will put money in equity securities of N-11 companies and will be benchmarked against the current GDP of the 11 countries in which the portfolio invests.

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