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3 Hot Goldman Sachs Mutual Funds to Grab Now

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Goldman Sachs Asset Management (GSAM) has been offering financial services, including investment and advisory solutions, and risk-management expertise, to institutional and individual investors throughout the world since 1988. With more than $1 trillion assets under management, GSAM is considered one of the world’s leading financial management companies.

The fund prides itself in having more than 2,000 professionals in 30 offices worldwide. Its teams have more than 650 investment professionals, who capitalize on the technology, risk-management skills and market insights of Goldman Sachs. The fund family develops investment strategies with respect to geographical regions, industries and asset classes.

Below we share with you three top-ranked Goldman Sachs mutual funds. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Goldman Sachs mutual funds.

Goldman Sachs Enhanced Dividend Global Equity A (GADGX - Free Report) aims for capital growth and current income over a long period. The fund invests the majority of its net assets and any borrowings in underlying equity securities and funds that have a combination of American small-cap and large-cap companies. The fund also invests in companies with international exposure to attain capital growth. GADGX has three-year annualized returns of 8.7%.

Monali Vora is one of the fund managers of GADGX since 2009.

Goldman Sachs Tax-Advantaged Global Equity A (TAGGX - Free Report) seeks long-term capital appreciation. The fund aims to attain its investment objective by picking instruments or securities and a blend of underlying funds that exist at present or that may be available for investment in the future. The fund invests at least 80% of its net assets and any borrowings for investment purposes in underlying equity securities and funds that are a combination of U.S. small-cap, large-cap companies and international exposure to attain capital growth. TAGGX has three-year annualized returns of 9.9%.

As of March 2019, TAGGX held 25 issues, with 51.41% of its assets invested in Goldman Sachs US Tax-Managed Eq R6.

Goldman Sachs High Quality Floating Rate IR  invests the bulk of its assets in securities, which bear variable rate obligations or a high-quality floating rate. Although it may choose foreign issuers, it aims to invest all its assets in securities denominated in U.S. dollar. Goldman Sachs High Quality Floating Rate IR has three-year annualized returns of 1.9%.

GTATXhas an expense ratio of 0.45% as compared with the category average of 0.49%.

To view the Zacks Rank and past performance of all Goldman Sachs mutual funds, investors can click here to see the complete list of Goldman Sachs mutual funds.

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