Goldman Sachs Asset Management has added two international funds.
The Goldman Sachs International Equity Dividend and Premium Fund and the Goldman Sachs Structured International Tax-Managed Equity Fund seek to provide attractive international tax-advantaged investing for investors looking to create efficiencies in their taxable portfolio.
The equity dividend and premium fund is designed to allow retirees to create an after-tax cash flow through returns that enjoy "favorable tax treatment," the New York company said Wednesday.
The tax-managed equity fund targets individuals who are unlikely to outlive their assets and who plan to pass their estate along to family or charities. It seeks to generate returns through price appreciation, which is not subject to current taxation.
Goldman Sachs Asset Management's quantitative equity investment team manages both funds. Investors can choose from Class A and C shares, both of which have a $1,000 minimum investment requirement. The funds also offer institutional shares.
Goldman Sachs Asset Management had more than $868 billion of assets under management through Nov. 30.
