Independent wealth manager GQG Partners has launched a fund into the Australian market aimed at providing investors with a source of dividend income and long-term capital appreciation.
The GQG Partners Global Quality Dividend Income Fund has a stated objective to provide a rate of return calculated after fees but before taxes in excess of the MSCI ACWI High Dividend Yield ex Tobacco AUD index through portfolio holdings in quality companies around the world.
“We look for companies with a strong financial position, capable management, and promising growth opportunities, as we believe these businesses are most likely to enjoy sustained earnings growth over time. Our approach involves an in-depth analysis of company’s financial statements, economic health, competitors, and the markets that it serves,” GQG Partners chair and chief investment officer Rajiv Jain said.
“We believe our focus on quality companies positions us to manage downside risk during periods of market volatility,” he added.
According to GQG Partners managing director Australia and New Zealand Laird Abernethy the offering should complement investor portfolios with a heavy weighting toward Australian equities.
“We believe a global income strategy that’s derived from GQG Partners’ strong focus on quality will be an attractive option for Australian investors. Our aim with this strategy is to bring better downside protection and potential total return to existing income focused portfolios,” Abernethy explained.
The fund has already been awarded a ‘recommended’ rating from research house Zenith Investment Partners on the strength of the team running the offering.
“Although the strategy has a relatively limited track record, Zenith’s conviction in the Fund is underpinned by our high opinion of GQG’s key investment personnel, particularly Rajiv Jain, who has an impressive long-term investment track record within global equities. Zenith holds GQG’s investment capabilities in high regard and believes the Fund is well positioned to achieve its investment objectives over the long term,” Zenith said in its rating report.
The minimum investment amount for the fund is $25,000 with a minimum of $5000 for any additional allocations.
''