New products introduced over the last week include a real return fund from Goldman Sachs Asset Management and an open-end mutual fund from RiverPark.
In addition, Morgan Creek Capital Management launched an open-end alternative fund and Allianz Life offered a new indexed variable annuity.
Here are the latest developments of interest to advisors:
1) Goldman Sachs Asset Management Launches Real Return Fund
Goldman Sachs Asset Management announced the launch of the Goldman Sachs Multi-Asset Real Return Fund (GHRAX), which it says should help investors access to a multi-asset class solution that seeks to help individuals achieve real return over inflation.
GHRAX provides exposure to inflation-sensitive asset classes, including opportunistic fixed income, commodities and select equity sectors. This diversified strategy seeks to perform well across most market environments, and specifically, seeks to provide real return during periods of rising and high inflation.
Samantha Davidson, Raymond Chan, and Chris Lvoff from GSAM's global portfolio solutions team are GHRAX's co-portfolio managers. In addition to A shares, the fund is available in C, I, R and IR shares.
2) River Park Introduces RiverPark Structural Alpha Fund
RiverPark Advisors, LLC announced recently that it has launched the RiverPark Structural Alpha Fund (RSAFX, RSAIX),a new open-end mutual fund that seeks to give investors exposure to the broad-based equity markets while limiting downside risk and volatility by investing primarily in highly liquid global index options. The fund was initially made available to investors on July1.
