corporate bond market this month, compared with the record $19 billion in October, according to dataįixed-income investors are favoring the debt as Barclays Capital forecasts emerging-market economies will grow 6.4 percent in 2011, versus 2.5 percent for developed countries. Emerging-market borrowers are poised to raise at least $13.9 billion in the U.S. Petroleo Brasileiro SA raised $6 billion yesterday in Brazil’s largest corporate debt offering. Nigeria is offering $500 million of 10-year debt in its first international bond sale. N-11 ex Iran Index, based on the current GDP of the N-11 countries in which the portfolio invests.īorrowers from China to Brazil to Nigeria are boosting dollar-bond sales, taking advantage of investor demand for assets from the fastest-growing economies amid growing concern that U.S. The portfolio will be benchmarked against a new index, the MSCI GDP Weighted Today we are translating this concept into an investible reality,'

Whilst the N-11 are a diverse group of countries, what binds them together is their large populations, superior growth potential and strong domestic consumption story. ' It's been just over five years since the N-11 concept was established and it remains a long-term strategic investment proposition. The eleven countries already account for 19% of the world's population and benefit from attractive demographics, rising income and increased domestic consumption, the firm said. Jim O'Neill, now chairman of Goldman Sachs AM coined the phrase 'N-11' inĢ005 during his time as chief economist at Goldman Sachs. It will invest primarily in equity securities of companies from the 'Next 11' countries: Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam.

The Goldman Sachs N-11 Equity Portfolio will be made available to investors in the UK, Luxembourg, Singapore as well as several other Europeanĭomiciles: Austria, Finland, France, Germany, Netherlands, Norway and Sweden. Goldman Sachs Asset Management is seeking to capitalise on the investment fundamentals of the 'N-11' frontier markets with the launch of an equity portfolio run by its 140-strong team of investment professionals.

Perfect for little ones riding in a trailer, a child carrier, or all on their own.Goldman looks to frontier markets with N-11 equity fundĪdded 26 January 2011 by Dan Jones, Senior Online Reporter, Portfolio Adviser

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