Category: Goldman Sachs Asset Management

Goldman Sachs Reduces US GDP Projections Following Sen. Manchin’s Decision

Goldman Sachs downgraded the country’s quarterly GDP projections for 2022, as Sen. Joe Manchin (D-W.Va.) confirmed his stance in rejecting the Build Back Better package, a move that could derail President Joe Biden’s $1.75-trillion bill. Failure to pass the bill would result in lower economic growth, according to analysts at the Wall Street firm. “We…


BlackRock Wants Companies to Hire More Diverse Board Members, Strive Toward Net Zero Climate Goal

BlackRock wants more diversity in company executive boards and is pushing portfolio companies to strive toward net-zero climate goals, according to a 2022 policy update released on Tuesday, even as the world’s biggest asset manager remains firmly invested in fossil fuels. “We have engaged companies on board diversity for many years. That engagement informs our…


China’s $70 Trillion Up for Grabs: A Risk to Democracy

Commentary Western banks are hungry for access to China’s household investable assets, which will exceed $70 trillion by 2030, according to Goldman Sachs. China’s households will reportedly allocate more than half that amount to mutual funds, securities, and wealth management products. In 2020 alone, China’s broader wealth market amounted to $18.9 trillion. According to China…