Goldman first to register foreign retail funds

Goldman

Sachs Asset Management (GSAM) said it has become the first asset manager to register foreign investment funds for retail investors in the UAE, the firm’s regional hub in the Middle East.

The registration follows a new mutual fund regulation introduced by the Emirates Securities and Commodities Authority in 2016, which for the first time authorises asset managers to register foreign mutual funds for distribution by approved local partners. GSAM’s fund range includes equity, fixed income, multi asset and alternative investment solutions. (Staff Report) Sensex (IN)