“TIPS present an attractive diversification opportunity for many investors with relatively low correlations to other major asset classes,” Jason Singer, portfolio manager for GTIP, said in a note. “We are excited to extend our Access ETF lineup and provide investors with a smarter, more systematic way to invest in the bond market.”
GTIP is the latest in Goldman Sachs’ line of smart beta and fixed-income ETF strategies. The money manager now has 13 ETF options with over $10 billion in assets under management.
“Our ETF franchise surpassing $10bn in assets under management represents a key milestone in our business. This achievement comes just 3 years after the launch of our first ETF, GSLC. Our success is a direct result of the strong partnerships, focus and hard work across the organization. We look forward to the continued growth of the franchise,” Crineri said in an email.
For more information on new fund products, visit our new ETFs category.