ゴールドマン・サックス・アセット・マネジメント（株）

What ゴールドマン・サックス・アセット・マネジメント（株） does

Goldman Sachs Asset Management Co., Ltd. (ゴールドマン・サックス・アセット・マネジメント株式会社) is the Japan-domiciled asset management subsidiary of The Goldman Sachs Group, Inc. (NYSE: GS), registered as a financial instruments business operator (Kanto Local Finance Bureau, registration No. 325) and headquartered at Toranomon Hills Station Tower in Minato-ku, Tokyo. The entity operates within GSAM's global platform, which supervises $3.3+ trillion (approximately ¥539+ trillion) in Assets Under Supervision across 30+ countries, supported by 1,800+ investment professionals. In Japan specifically, the firm manages public investment trust net assets of approximately ¥3 trillion (as of December 2025) across 85 funds and distributes products to retail investors via a network of more than 120 financial intermediaries — including Mizuho, SMBC, Mitsubishi UFJ, Resona, Nomura Securities, Daiwa Securities, and online brokerages such as SBI and Rakuten — as well as to institutional clients including pension funds, insurance companies, central banks, and government investment entities.

The product portfolio spans equities (Japanese, US, global, technology-focused, value/income, environmental leaders), fixed income (corporate bonds, Asian high-yield, strategic bond strategies), real assets (US REIT, global real assets), gold, and alternative-like exposures via the GS Plus Private Equity Return Tracker Index fund. Flagship series include GS Plus (All Country Equity, Gold, Japan Equity/TOPIX Alpha, Private Equity Return Tracker), netWIN GS Technology, GS Future Technology Leaders (nextWIN), GS World Shift (shiftWIN), and GS Global Environmental Leaders (ecoWIN). The firm's proprietary technology includes quantitative models with data and AI components used in GS Plus Japan Equity (TOPIX Alpha) for stock selection and the GS Global Big Data Investment Strategy for large-scale structured data analytics. Stewardship infrastructure is a notable asset: GSAM voted at 12,800+ shareholder meetings across 69 markets and conducted 1,350+ engagements in 2025, supported by UN PRI (since 2011) and Japan Stewardship Code (since 2014) commitments.

Revenue is generated primarily through management and advisory fees calculated as a percentage of Assets Under Management/Supervision, classified as recurring in nature. The Japan-registered entity is a small legal vehicle (16 employees per the latest disclosure), functioning primarily as a regulated management and distribution overlay on the parent group's global investment platform. Go-to-market is intermediary-led for retail (banks and securities firms sell GSAM funds to end investors) and direct sales coverage for institutional mandates. The firm supplements distribution with approximately 1,810 sales seminars and client education events annually and digital content marketing through its Insights portal. Fund-level fees are disclosed in prospectuses; advisory fees are negotiated individually with institutional clients. The firm has expanded the NISA-eligible product lineup to approximately 35 funds across equities, bonds, and alternatives.

Name

ゴールドマン・サックス・アセット・マネジメント（株）

Legal name

ゴールドマン・サックス・アセット・マネジメント株式会社

Website

https://gsam.co.jp

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Goldman Sachs Asset Management Co., Ltd. is the Japan-based asset management subsidiary of The Goldman Sachs Group, offering mutual funds, ETFs, and advisory services to Japanese retail investors (via 120+ bank and brokerage distributors) and institutional clients, with approximately ¥3 trillion in local public investment trust AUM.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Fixed Income Mutual Funds (FSAAAEAB)

akta.pro secondary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Asset management services
• Mutual fund management
• ETF product management
• Investment advisory services
• Institutional asset management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees (Management & Advisory): GSAM earns management fees from managing public investment trusts (mutual funds), ETFs, and discretionary/advisory mandates. Fees are calculated as a percentage of assets under management (AUM/AUS). The Japanese entity discloses total expense ratios (総経費率) for each fund and total public investment trust net assets of approximately ¥3 trillion as of December 2025.
2. Investment Advisory Fees: Advisory fees from consulting mandates are included in Assets Under Supervision (AUS), which aggregates all customer assets generating compensation including both discretionary AUM and advisory contracts.

Go-to-market motion3 records

Distribution channels7 records

Marketing channels5 records

Core offering

Goldman Sachs Asset Management Co., Ltd. (Japan) is a Japanese asset management entity that manages and distributes investment trusts (mutual funds) and ETFs, and provides investment advisory services. It offers Japanese retail and institutional investors equity, fixed income, balanced, REIT, and alternative strategies, distributing products through major banks, regional banks, securities companies, and online brokerages.

Product overview

Goldman Sachs Asset Management operates a comprehensive multi-asset investment platform offering investment trusts across multiple asset classes including equities (Japanese, global, US, technology-focused), fixed income (corporate bonds, high-yield bonds, strategic bonds), real assets (REITs, real asset funds), and alternative investments (private equity trackers, gold). The product lineup centers on several key brands: the GS Plus series featuring All Country Equity, Gold, Japan Equity (TOPIX Alpha), and Private Equity Return Tracker Index funds; netWIN GS Technology for technology-focused investing; GS Future Technology Leaders (nextWIN); GS World Shift for thematic global equity; GS Global Big Data for data-driven strategies; and GS US Focused Growth for concentrated US equity exposure. Products are available in multiple variants offering different currency hedging options (hedged/unhedged/limited hedging) and settlement frequencies (monthly, quarterly, semi-annual, annual) to accommodate diverse investor needs and tax considerations.

Differentiator

Problem solved

Functional benefit

Brands

• GS Plus: A suite of investment products including GS Plus worldwide equity (All Country), GS Plus Gold, GS Plus Japan Equity (TOPIX Alpha), and GS Plus Private Equity Return Tracker Index.
• netWIN
• nextWIN
• shiftWIN
• ecoWIN
• バリュー&インカム (Value & Income)
• コロンブスの卵

Quantifiable outcome

• 16,228億円 netWIN GSテクノロジー株式ファンド Bコース 純資産総額 (as of December 2025)
• +4 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Association for Women in FinanceminorOthers · 17 October 2024Co-organizer (with 30% Club Japan Investor Group) of the Financial Industry Next-Generation Leader Development Program held at GSAM Japan's office in October 2024, with approximately 80 participants from across the financial industry.
• Asset Management Women's ForumminorOthers · 17 October 2024Co-organizer (with 30% Club Japan Investor Group) of the Financial Industry Next-Generation Leader Development Program held at GSAM Japan's office in October 2024.
• Innovator ETFscoreChannel Partner/ Reseller/ DistributorGoldman Sachs Asset Management partnered with Innovator to distribute Defined Outcome ETFs through a single integrated platform. This partnership combines Innovator's Defined Outcome ETF expertise with GSAM's global scale, deep intellectual capital, and comprehensive suite of investment solutions across public and private markets. The partnership targets US financial advisors seeking expanded global investment access.
• 30% ClubminorOthersGSAM participates in the 30% Club as a signatory investor, supporting the global campaign to increase the proportion of women in senior decision-making positions including boards. GSAM has been a member since 2014 in the context of its Japan Stewardship Code commitment. The firm participates in the 30% Club Japan Investor Group and hosts related events.
• UN Principles for Responsible Investment (UNPRI)coreOthersGSAM signed the UN PRI in 2011, committing to incorporate ESG issues into investment analysis and decision-making processes. The principles align with fiduciary duty and require signatories to incorporate ESG topics into investment analysis and ownership practices.
• Japan Stewardship Code (日本版スチュワードシップ・コード)coreOthersGSAM Japan signed the Japan Stewardship Code in May 2014, committing to promote responsible investing and productive capital allocation through engagement with investee companies and transparent reporting on stewardship activities.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Daiwa Asset Management: Major Japanese asset manager with broad mutual fund lineup distributed via Daiwa Securities and other channels. Direct competitor in equity, bond, and alternative strategies targeting Japanese retail and institutional investors.
• Nomura Asset Management: Largest domestic Japanese asset manager offering mutual funds and institutional mandates across equities, fixed income, and alternatives. Directly competes with GSAM Japan for retail shelf space and institutional pension mandates via Nomura Securities distribution.
• Sumitomo Mitsui Trust Asset Management: Bank-affiliated Japanese asset manager (SMBC Trust subsidiary). Direct competitor in mutual fund distribution through SMBC group banks and institutional pension management.
• Mitsubishi UFJ Asset Management: Bank-affiliated Japanese asset manager with significant mutual fund and pension business. Competes with GSAM for retail shelf space and corporate pension mandates, leveraging MUFG Bank distribution.
• Asset Management One: Large Japanese asset manager (formerly DIAM, merged with Mizuho AM), offering comprehensive mutual fund and institutional services. Competes with GSAM in Japanese equity strategies, foreign equity funds, and pension mandates.
• Amova Asset Management (formerly Nikko AM): Major Japanese asset manager (formerly Nikko Asset Management, now owned by Resona Holdings). Competes directly with GSAM in retail mutual funds and global/alternative strategies distributed through Japanese banks.

Broad incumbents

• BlackRock Japan: Global asset management leader with substantial Japan presence. Directly competes with GSAM in ETFs, institutional mandates, and increasingly in NISA-eligible products via bank and securities distribution.
• Vanguard Investments Japan: Global low-cost asset manager with growing Japan retail and institutional presence. Competes with GSAM in passive/index strategies and increasingly in target-date NISA-eligible products.
• J.P. Morgan Asset Management Japan: Global asset management giant with Japan institutional and growing retail presence. Competes with GSAM in equity, fixed income, and alternative strategies targeting pensions, institutions, and high-net-worth Japanese clients.

Emerging players

• Fidelity Investments Japan: International asset manager with established Japan presence. Competes with GSAM in global equity mutual funds and increasingly in NISA-eligible products through Japanese bank and securities distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/%E3%82%B4%E3%83%BC%E3%83%AB%E3%83%89%E3%83%9E%E3%83%B3%E3%83%BB%E3%82%B5%E3%83%83%E3%82%AF%E3%82%B9%E3%83%BB%E3%82%A2%E3%82%BB%E3%83%83%E3%83%88%E3%83%BB%E3%83%9E%E3%83%8D%E3%82%B8%E3%83%A1%E3%83%B3%E3%83%88%EF%BC%88%E6%A0%AA%EF%BC%89

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ゴールドマン・サックス・アセット・マネジメント（株）