Goldman Sachs Asset Management has launched the new high yield floating yield floating portfolio. The Goldman Sachs High Yield Floating Rate Fund invests in non-investment grade floating-rate loans and other variable-rate securities issued by U.S. and foreign companies.
The portfolio will be managed by GSAM’s Global Corporate Credit team. Michael Goldstein, co-head of the high yield and bank loan team, will be the lead portfolio manager of the fund.
Click here for the release from Goldman Sachs.