GQG Partners continues growth in the Australian wholesale market

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US-based fund manager GQG Partners continues to grow its Australian business with a $20 million allocation from boutique investment advisory firm PlayfairTan to its global equity strategy.

Darren Cunneen, investment director at PlayfairTan, said the GQG Partners global equity strategy is benchmark unaware, competitively priced and has a performance track record which PlayfairTan believes will be attractive to its clients.

“Backing exceptional fund managers is a core part of what we do for our clients at PlayfairTan and so it was easy to invest with GQG Partners.”

In addition, GQG Partners has received strong ratings in its first review from Morningstar, with a Gold Morningstar Analyst RatingTM for the GQG Partners Emerging Markets Equity fund and a Silver Morningstar Analyst RatingTM for the GQG Partners Global Equity fund (as of 15 June 2020).

In the Morningstar Global Fund Report* for the emerging markets fund, Morningstar said: “Though GQG Partners Emerging Markets Equity is new to the Australian market, our global view of its highly experienced manager [Rajiv Jain] who has proven himself running a time-tested investment process, sees it rise to the top echelons of the emerging market category.

“Jain has an impressive long-term record which tends to hold up better in volatile markets – evident in equity market falls of early 2020. Add a very compelling fee and many of the areas we look at are more than satisfied and ensures this new strategy to our coverage earns our highest praise.”

In the Morningstar Global Fund Report* for the Global equity fund, Morningstar noted:“GQG Partners Global Equity combines an experienced manager, well-considered strategy, and an attractive fee to make a compelling investment proposition.”

The Morningstar Analyst RatingsTM follow “Highly Recommended” ratings on both funds from Lonsec earlier this year.

The funds have also recently been 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.

Laird Abernethy, managing director of GQG Partners Australia & New Zealand, says the business has seen relatively strong interest from financial advisory groups in the past 12 months.

“Since first expanding into the wholesale market just under a year ago, we have seen a high level of interest from advisers in both our strategies.

“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.”

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* dated 15 June 2020

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