Alternative Investments/ESG: Goldman Sachs Launches Muni Bonds ETF With ESG Focus

The new Goldman Sachs ETF provides exposure to securities labeled “green, social or sustainable.”
Goldman Sachs Asset Management has launched the Goldman Sachs Community Municipal Bond ETF, which aims to maximize tax efficiency by providing exposure to investment-grade, tax-exempt municipal securities.
The ETF seeks to track the Bloomberg Goldman Sachs Community Municipal Index and has screens for social and environmental factors. By focusing on one- to 15-year maturities, the portfolio aims to deliver diversified market exposure with lower duration and higher credit quality. (NASDAQ)
“Our goal was to really focus on a broad diversified exposure to the one-to-15 year space, with returns that were in line with an intermediate index and still make sure that we are focusing on some of the projects that are going to help drive these municipalities towards a more resilient future,” Alexa Gordon, municipal bond portfolio manager at Goldman Sachs Asset Management, told etf.com.
Investors’ ESG priorities would be met by the fund’s targeted allocation into municipalities and projects with positive impact such as in education, healthcare, clean energy, and more community related initiatives.
The ETF has an expense ratio of 0.25%.
Related Story: The Goldman Sachs Bloomberg Clean Energy Equity ETF Addresses $100T Opportunity
Photo by Priscilla Du Preez on Unsplash
Compulsory Category | NEWS |

Latest Alternative Investment News

Digital Assets: Ledger, Maker Of Crypto Security Hardware, Raises Nearly All Of $100M Series C Round
Paris-based startup Ledger, which makes hardware wallets for cryptocurrency investors, has raised €100m ($109m) in funding, valuing the company at €1.3bn. The round was led by investors including Digital Finance…

FinTech: Cogo And Eliq Partner To Help Banking Customers Enhance The Energy Efficiency Of Their Homes
Cogo, a fintech which collaborates with banks to assist customers in decreasing their carbon footprint as a carbon footprint management firm, is partnering with Eliq, a company that specializes in…

Venture Capital: The LSP Dementia Fund Closes €260M (US$283M) To Address Dementia, One Of The Most Significant Health Crises Of Our Era
The LSP Dementia Fund has reached a final close at €260 million (US$ 283 million), surpassing its initial target of €100 million. The fund, which is managed by EQT Life…

Artificial Intelligence: The DAGGER AI Model Gives Advance Warning Of Dangerous Solar Storms
Researchers have developed an AI-based model that combines satellite data and machine learning to predict where an impending solar storm will strike on Earth, offering 30 minutes of advance warning….