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Rating:Nearly $10B Flowed into This Goldman Fund, in 11 Months Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, December 18, 2013

Nearly $10B Flowed into This Goldman Fund, in 11 Months

News summary by MFWire's editors

Goldman Sachs is apparently doing something right in fixed income.

Bloomberg reports that the Goldman Sachs Strategic Income Fund (GSZAX) brought in $9.8 billion in the first 11 months of 2013, more than three times the net new inflow by the firm's previous best-selling mutual fund in a calendar year, according to Morningstar Inc. (MORN) data.

According to the newswire, the $12.5 billion fund returned 5.3 percent in 2013 through Dec. 13, beating 96 percent of the competition, according to data compiled by the news organization.

Bloombergalso notes that the fund has quintupled its size in 2013.

Read more in Bloomberg.  

Edited by: Tommy Fernandez


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