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GSAM fund taps into Chinese government bond market

Great_Hall_of_the_PeopleGoldman Sachs Asset Management (GSAM) has launched an exchange-traded fund (ETF) designed to give investors access to China’s government bond market.

It is the second product launch in the firm’s new European ETF business.

There are an estimated $2.5 trillion (€2.25 trillion) assets currently tracking the Bloomberg Barclays Global Aggregate Index – because of this, GSAM expects significant demand for Chinese government bonds.

Andrew Wilson, chief executive of GSAM International and global head of fixed income, said: “We believe investors stand to benefit from additional geographical and currency diversification, alongside exposure to the maturing Chinese economy.”

Over the next six months, the fund manager is planning on launching a range of ETFs providing access to various markets, asset classes, and investment styles.

According to a recent report by JP Morgan Asset Management, global allocations to ETFs are set to increase significantly over the next few years.

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