Today, we believe more than ever that the growth of the N-11 countries¹ will be one of the largest developments in the world economy in this decade and beyond.

Why consider an N-11 allocation?

Investing in the N-11 countries offers broad geographic diversification as well as exposure to diverse stages of economic development – ranging from more advanced economies like South Korea, Indonesia or Mexico to developing markets like Nigeria, Vietnam or Bangladesh.

 

Why is this fund different from other funds?

Traditional Emerging Market allocations are heavily tilted to natural resources, while the GS N-11® Equity Portfolio is heavily invested in stocks directly linked to the consumer growth story (consumer staples but also technology, infrastructure). The fund therefore acts as a good complement to a BRIC or Emerging Market allocation.

 

Who should consider investing in this fund?

Any investor seeking to generate potentially high returns, over the long term, driven by the potential economic growth of the N-11 countries, while being aware of the higher risk involved investing in these markets. 

 

At GSAM, we understand the BRIC² and N-11 concepts better than anyone else – our investment teams continue to benefit from the unique investment expertise and analysis of the Goldman Sachs Economics Research Group that first identified the BRIC concept in 2001 and N-11 concept in 2005.³

¹ The N-11 consists of a group of diverse countries that could potentially rival the G7 in terms of new economic growth over time: Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam. Iran is currently not open to foreign investors; therefore the fund cannot invest in Iran until such time as it becomes open to foreign investors.
² The BRIC countries are Brazil, Russia, India and China.
³ GSAM leverages the resources of Goldman Sachs & Co. subject to Chinese Wall restrictions.