Stock market fund has ‘Dream Market’ fund, but can you get out of it?
On Thursday, Bloomberg reported that Goldman Sachs has formed a new investment fund focused on the stock market.
The fund, which is named the Dream Market Fund, is an all-share fund that has a 50% target share and has no fees and no fees for individual investors.
It will be a mutual fund, so it won’t be offering any mutual funds in addition to the fund’s core portfolio.
The Dream Market fund will be based in New York and is backed by Goldman Sachs, according to Bloomberg.
The company previously invested in an investment fund that was part of the Wall Street investment firm BlackRock.
In 2017, Goldman Sachs said it would invest $20 billion into BlackRock, with a view to becoming one of the world’s largest asset managers.
The fund’s investment strategy will be aimed at the private market, but it is expected to have a large presence in the public market.
Investors will have the option of a fee of 10% for each fund share, and they can also opt to sell their shares at a premium.
The minimum target investment size for a fund in the Dream Mapped Market is $2 million, Bloomberg said.