Goldman Sachs Emerging Markets Fund Class A
GEMAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 71 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Dec 15, 1997
- CIK
- 0000822977
- Website
- am.gs.com
- Similar Companies
- Business
- Goldman Sachs Emerging Markets Equity Fund Class A (GEMAX) is an open-ended mutual fund managed by Goldman Sachs Asset Management that seeks long-term capital appreciation by investing primarily in a diversified portfolio of equity securities of companies organized in or with principal business activities in emerging market countries. The fund employs a growth-oriented investment style focused on large-cap stocks across sectors including technology (28.46%), financial services (24.74%), and consumer cyclical (15.41%); its top holdings as of September 30, 2025, include Taiwan Semiconductor Manufacturing Co Ltd (9.7%), Tencent Holdings Ltd (7.7%), Alibaba Group Holding Ltd (5.1%), Samsung Electronics Co Ltd (3.8%), and SK Hynix (2.3%), with approximately 100% allocation to non-U.S. stocks concentrated in emerging Asia (53.01%), developed Asia (27.35%), Latin America (7.27%), and the Middle East (5.35%). It offers multiple share classes including Class A (GEMAX, with a 5.50% front-end load and 1.34% net expense ratio), Class C (GEMCX), Class I (GEMIX), Class S (GEMSX), Class Inv (GIRMX), and Class R6 (GEMUX), with a minimum initial investment of $1,000 for Class A shares. Launched on December 15, 1997, and domiciled in the United States, the fund is available for sale primarily to U.S. investors through financial intermediaries and maintains total net assets of approximately $2.86 billion, with the Class A share class comprising $138.03 million. In recent developments, Goldman Sachs Asset Management, the fund's investment manager, has pursued strategic expansions in its asset management division, including the December 2025 agreement to acquire Innovator Capital Management for $2 billion to bolster ETF offerings (expected to close in Q2 2026), a $1 billion investment in T. Rowe Price in September 2025, and the acquisition of venture capital firm Industry Ventures in October 2025 to enhance alternative investments; additionally, in June 2025, GSAM launched the Emerging Markets Green and Social Bond Active ETF (GEMS ETF) targeting sustainable bonds in emerging markets. The fund is led by portfolio manager Basak Yavuz since February 27, 2015, and continues to emphasize active management amid favorable emerging market tailwinds such as a weakening U.S. dollar, Fed rate cuts, and AI-driven optimism in regions like Taiwan and China, as highlighted in its Q3 2025 commentary reporting a 7.15% monthly return and year-to-date outperformance versus the MSCI Emerging Markets Index.