What's New In Investments, Funds? - Goldman Sachs, Betterment

Editorial Staff

19 July 2024

Betterment, Goldman Sachs Asset Management
Digital advisor business Betterment (/tag and Goldman Sachs Asset Management have launched the Goldman Sachs Tax-Smart Bonds portfolio.

The portfolio seeks to generate after-tax yield and is aimed at Betterment clients in higher tax brackets, who want to access a tax-smart bond strategy which is potentially lower risk than equity investing. It offers short-duration bond exchange-traded funds, with holdings that Betterment will personalize for its customers based on their tax situation.

By combining short-duration US Treasury bonds, high-quality corporate bonds and municipal bond ETFs, Goldman Sachs designed this strategy to marry longer-term trends with current bond market conditions, rather than maintaining static allocations over time.

The strategy can be adjusted for events that might create volatility such as the COVID-19 pandemic and US debt ceiling debates.