Important Information
You must read the following information for your own protection and benefit. When you have read the following information, please click on the link below to acknowledge that you have read and understood the information. The content of this site is not to be construed as a solicitation or recommendation: all the material on the site (the "Material") contains the current opinions of the of the authors, and do not necessarily represent the opinions of Goldman Sachs (GS) and has been prepared for informational purposes only without regard to any particular user's investment objectives, financial situation, or means, and GS is not soliciting any action based upon such information. The Material is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction. In the event any of the assumptions used in the Material do not prove to be true, results are likely to vary substantially from the examples shown herein. The information provided herein should not be construed as providing any assurance or guarantee as to returns that may be realized in the future from investments in any asset or asset class described herein. Statements concerning financial market trends are based on current market conditions, which will fluctuate.
GS will have no responsibility to maintain the Material or to supply any corrections, updates or releases concerning the Material. By accessing this site, you expressly acknowledge and agree that the Material provided by us is on an "as is" basis, and used at your sole risk. Before acting on any information provided in this material, clients should consider whether it is suitable for their particular circumstances and, if necessary, seek professional advice. Information provided on this site does not constitute tax advice and as such, investors or prospective investors should be advised to consult their own tax advisers regarding the tax consequences of their investment activities. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.
No investment is risk free. Equity securities are more volatile than bonds and subject to greater risks. Fixed income investing entails credit risk and interest rate risk. When interest rates rise, bond prices generally fall. Credit risk refers to the possibility that the issuer of the bond will not be able to make principal and interest payments. High-yield, lower-rated securities involve greater price volatility and present greater credit risks than higher-rated fixed income securities. Investing in distressed loans and bankrupt companies are speculative and the repayment of default obligations contains significant uncertainties. Corporate debt securities are subject to the risk of the issuer’s inability to meet principal and interest payments on the obligation and may also be subject to price volatility due to factors such as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity. Foreign securities involve additional risks, including risks of currency fluctuations and sudden economic or political developments. These risks are heightened in emerging markets. Investments in commodities may be affected by changes in overall market movements, commodity index volatility, changes in interest rates or factors affecting a particular industry or commodity.
This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. This material has been prepared by GSAM and is not a product of the Goldman Sachs Global Investment Research (GIR) Department. The views and opinions expressed may differ from those of the GIR Department or other departments or divisions of GS and its affiliates. Investors are urged to consult with their financial advisors before buying or selling any securities. This information may not be current and GSAM has no obligation to provide any updates or changes.
By checking the box below you hereby agree and expressly acknowledge that you understand that the Material in this section is provided solely for educational purposes only and is not a promotion and/or offer of any GSAM services or products and you further confirm that you will not treat the material as such and that you acknowledge that any information on the website is not addressed specifically to you.
I confirm that I have read this information.
No part of this material may, without Goldman Sachs Asset Management's prior written consent, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient.