GSAM integrates ESG to Euro money market fund

Ridhima Sharma
clock • 1 min read

Goldman Sachs Asset Management (GSAM) has announced the first of its European money market funds to apply ESG enhancements. The fund will continue to operate as a Low Volatility NAV money market fund under the European regulation which became effective during Q1 of this year. It has now applied ESG enhancements by implementing exclusions screens and a corporate engagement strategy aligned with GSAM's dedication toward diversity and inclusion. The strategy will screen out issuers that earn revenue from certain sectors including, but not limited to, controversial weapons, tobacco, certa...

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