POWERED BY MOMENTUM MEDIA
GQG Partners expands its Aussie wholesale business
US-based fund manager, GQG Partners, has announced it continues to expand its Australian wholesale business, which the manager first entered just under a year ago, with a $20 million mandate from boutique investment advisory firm, PlayfairTan for its global equity strategy.
PlayfairTan’s investment director, Darren Cunneen, said that the manager had been selected due to its competitively priced strategy, its performance track record and due to the fact that the GQG’s strategy was benchmark unaware.
“In the current environment, advisers are increasingly seeking out high-quality investments for their clients that will perform well in volatile markets, effectively managing risk while still accessing growth opportunities across the globe,” Laird Abernethy, managing director of GQG Partners Australia & New Zealand, said.
According to him, the business saw a relatively strong interest from financial advisory groups in the past 12 months.
Additionally, GQG Partners received strong ratings in its first review from Morningstar, with a gold Morningstar Analyst Rating for the GQG Partners Emerging Markets Equity fund and a silver Morningstar Analyst Rating for its GQG Partners Global Equity fund.
The research house, in its global fund report for the emerging markets fund, appreciated the GQG Partners Emerging Markets Equity’s highly experienced manager Rajiv Jain and his “impressive long-term record which tends to hold up better in volatile markets”.
Also, according to Morningstar, the GQG Partners Global Equity’s experienced manager, well-considered strategy, and an attractive fee made a compelling investment proposition.
The funds were added to a number of platforms, including Macquarie Wrap, Panorama, BT Wrap, Praemium and PowerWrap this year, after additions to Hub24 and Netwealth last year.
Recommended for you
Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum.
Institutional investors have entered November with their largest pre-election equity allocation in two decades, according to new data.
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
