Goldman Sachs Identifies a Classification Issue for GS $ HYTop Index.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Goldman Sachs Group, Inc. (NYSE NYSE See: New York Stock Exchange : GS) announced today that it has identified an issue in the selection of components for the GS $ HYTop index published on August 26, 2005. Due to a classification issue, a newly issued high yield bond by L3 Communications Corporation (6.375% LLL LLL abbr. left lower lobe (of the lung) 15/10/15) replaced a high yield bond in the consumer sector (10.875% RH Donnelley Inc.15/12/12) rather than replacing an existing high yield L3 Communications Corporation bond (5.875% LLL 15/1/15) in the industrial sector, resulting in an overweight of L3 Communications Corporation bonds in the Index. Goldman Sachs will correct this issue at the October 1, 2005 rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting . |
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