Goldman zeroes in on Millennial spending with South African fund

DURBAN: Goldman Sachs Asset Management and a unit of South Africa’s Discovery Ltd have tailored an investment offering to profit from trends such as the spending habits of millennials and advances in health care.

Discovery’s Global Megatrends Fund allows clients in South Africa to allocate investments equally across four of Goldman’s equity portfolios linked to the themes of technology, health care, environmental sustainability and a younger generation of consumers.