Goldman Sachs High Yield Instl (GSHIX)
Goldman Sachs High Yield Instl operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $5.46, down 0.18% on the session, giving a market capitalisation of $2.51B. Its beta of 0.61 implies it has historically moved less than the broad market.
Under normal operating conditions, this fund's core strategy involves allocating at least 80% of its net assets, including any borrowed capital, to high-yield, fixed-income securities. A key characteristic of these investments is that they must be rated below investment grade at the time of purchase. Furthermore, the fund has the discretion to direct up to 25% of its total assets towards a combination of debt obligations issued by both domestic and international entities that are denominated in currencies other than the U.S. dollar, as well as securities from issuers located in developing nations, irrespective of the currency they are denominated in.
Goldman Sachs High Yield Instl is most often compared with the following Financial Services names: