Goldman Sachs Romania Equity is an active equity fund from Goldman Sachs Asset Management, ISIN LU0345402092, with an ongoing charge of 2.90%.
Active
Equity
Romania
Ongoing charge 2.90%
The Fund is classified as a financial product under Article 8 of the EU Sustainable Finance Disclosure Regulation. The Fund promotes environmental or social characteristics but does not have a sustainable investment objective. The Fund integrates ESG factors and risk in the investment process alongside traditional factors. Detailed information on the sustainability related disclosures of the Fund can be found in the Template Pre-contractual disclosure (annex of the prospectus) on https://am.gs.com/en-int/advisors/funds. The objective of the fund is to realize long-term capital growth by mainly investing in a diversified portfolio of equities of companies established, listed or traded in Romania. In order to diversify investments across sectors, the fund is also allowed to invest in companies established, listed or traded in, amongst others: Poland, Hungary, Czech Republic, Russia and Turkey. We select these markets because we expect them to evolve in more or less the same way as the Romanian market in the long run. The fund uses active management to target the most promising companies offering stable and relatively high dividends in the Romanian market, with stock and country deviation limits monitored relative to the benchmark. Its stock-level composition will therefore materially deviate from the benchmark. Measured over a period of several years, we aim to beat the performance of the following combined benchmark: 60% Romanian (BET-XT) TR, 25% Warsaw (WIG30) TR, 5% Budapest (BUX) TR and 10% Prague (PX) TR. The benchmark is a broad representation of our investment universe. The fund may also include investments into securities that are not part of the benchmark universe. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.
How the fund has returned, and where it ranks among peers. Returns to Sep 2026 end, GBP net total return.
+37.4%Q2
1 year return
+130.0%Q1
3 year return
+147.5%Q1
5 year return
Chart type
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Daily NAV, percent change from the start of the range. Source: FE fundinfo.
1 month−4.9%
3 months+0.1%
Volatility, 3 years12.9%
Ongoing charge (OCF)2.90%
What the fund holds
Where the money is: sectors, countries and largest holdings. As supplied by FE fundinfo, last updated 5 Oct 2026. Swipe or use the arrows for more panels.
By sector
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Financials37.4%
Energy19.6%
Utilities14.4%
Communications7.3%
Consumer Discretionary5.2%
Health Care5.0%
By country
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
Romania54.0%
Poland25.4%
Hungary6.6%
Czech Republic4.6%
Austria3.7%
Greece2.7%
By asset class
Spot concentrations at a glance. Share of the fund's portfolio, as supplied by FE fundinfo, last updated 5 Oct 2026.
European Emerging Equities51.3%
Polish Equities26.0%
Hungarian Equities6.5%
Austrian Equities5.8%
Czech Republic Equities3.1%
Greek Equities2.9%
Largest holdings
The biggest positions, and how concentrated the fund is. As supplied by FE fundinfo, last updated 5 Oct 2026.
Top 8 = 46.7%
1. BANCA TRANSILVANIA SA9.0%
2. PETROM SA8.7%
3. SNGN ROMGAZ SA8.3%
4. OTP BANK NYRT.4.6%
5. DIGI COMMUNICATIONS NV4.4%
6. SOCIETATEA DE PRODUCERE A ENERGIEI4.0%
7. TRANSGAZ SA3.9%
8. BRD - GROUPE SOCIETE GENERALE SA3.8%
Macro events and this fund
Recent events linked to this fund by its country and sector exposure, and how it moved after. A measured move, not a cause.
Performance, risk and facts
Judge return, risk and cost before a client conversation. Relative return uses the chart's time range. Facts as reported by the manager.
Against its benchmark
How the fund compares with its benchmark over the same period.
Risk
How bumpy the ride has been, plus the regulatory risk rating.
Volatility, 3 years12.9%
Scale 0 to 40%
Sharpe ratio, 3 years (FE)2.67
Scale −1 to 3
Largest fall from a peak (maximum drawdown), 3 years
−9.2%
Alpha, 3 years (FE)
30.80
Beta, 3 years (FE)
0.62
Volatility and maximum drawdown: calculated by Funds Benchmark, as at 30 Sep 2026.
Sharpe, alpha, beta: FE fundinfo, as at 6 Jul 2026.
Regulatory risk rating (SRRI)6 of 7
Fund facts
Legal and cost facts for a client note. As reported by the manager.
What an amount would have grown to over the period.
n/a
Past performance is not a reliable guide to future returns. Capital is at risk. Source: FE fundinfo. Returns are GBP net total return to month end unless stated. Headline returns to Sep 2026. Fund size is shown in GBP.
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