GQG Partners’ ‘Impressive’ Performance Sees Zenith Ratings Upgrade
SYDNEY — 21 October 2020 — The GQG Partners Global Equity Fund (unhedged) has been upgraded to a “highly recommended” rating from Zenith Investment Partners.
In addition, the hedged share class of the Fund also has been given a “highly recommended” rating in its first review by Zenith.
The GQG Partners Global Equity Fund (both hedged and unhedged classes) seeks to invest in high quality companies with attractively priced future growth prospects in both developed and emerging markets. It seeks to limit downside risk while providing attractive returns to long-term investors over a full market cycle.
In its Product Assessment Report issued 2 October 2020, Zenith said: “Zenith’s high level of conviction in the Fund is underpinned by the portfolio manager’s experience and unique investment process that has delivered an impressive long-term track record. Zenith holds GQG’s investment capabilities in high regard and believes the Fund is well positioned to deliver strong absolute returns over the long term”.
The report also said: “Zenith believes the team is collectively highly experienced and its unique structure is a key point of difference relative to peers. Overall, we view [Chairman and Chief Investment Officer Rajiv] Jain as an impressive and insightful investor whose oversight is critical to the overall success of the Fund and the broader business”.
Zenith further observed that “GQG structures its team to work on . . . initial company analysis independently as a means to leverage the differentiated skillsets amongst the team and to avoid group think. Zenith believes this provides a robust framework that harnesses diversity of ideas and is a crucial element for the quality of debate and discussion amongst the team”.
Finally, the report noted that “Zenith believes GQG’s process is based on a sound investment thesis and that it is well positioned to deliver strong absolute returns over the long term”.
GQG Partners’ director of wholesale relationships in Australia, Daniel Bullock, points out that the rating upgrade reflects the knowledge and experience of Mr Jain, the firm’s co-founder and CIO, as well as the calibre of the GQG Partners team.
“Rajiv and the team have striven to deliver consistently strong investment outcomes for our investors, with Zenith noting the Fund’s performance has placed it in the first quartile of its peer group1 since inception2.
“This rating continues the positive momentum that GQG Partners has been building in Australia since we established our business here in 2018.
“We are particularly pleased that the Fund has continued, during the market uncertainty and volatility of 2020, to retain consistency with its long-term strategy”, Mr Bullock said.
The investment objective of the Fund is to provide a rate of return (after fees and expenses and before taxes) which exceeds the return of the benchmark MSCI ACWI ex Tobacco (AUD). Since inception2, it has returned 17.09 per cent (net of fees) compared to the benchmark return of 9.23 percent as at 30 September 2020. In the year to date, the Fund has returned 13.21 per cent (net of fees) compared to -0.47 percent for the benchmark as at 30 September 2020. Over one- and three-year periods as at 30 September 2020, the Fund has returned 17.64 and 18.44 per cent (net of fees), respectively, compared to 3.99 and 10.59 per cent, respectively, for the benchmark.
1The Zenith “International Shares – Global (Unhedged)” sector is the peer group assigned to the Fund for the purposes of the report. It consists of long-only funds that invest in global equity markets. The sector incorporates both benchmark aware and benchmark unaware strategies that focus predominantly on larger capitalisation stocks.
2GQG Partners Global Equity Fund inception date: 4 June 2017
ABOUT GQG PARTNERS
GQG Partners is an independent US-based boutique equities manager focused on global and emerging markets equities strategies. It was co-founded in 2016 by Rajiv Jain after leaving his long tenure at Vontobel Asset Management as CIO and co-CEO. In 2018, it established a Sydney office, which was its first registered office outside the United States.
GQG Partners focuses on identifying enduring quality characteristics in reasonably priced global equities with an objective of long-term capital appreciation. The firm manages A$77.7 billion of discretionary and advisory assets worldwide (as at 30 September 2020), with approximately A$7 billion of that representing investors and clients in the Asia-Pacific region. For more information, please visit gqgpartners.com.
P 0438 221 550
IMPORTANT INFORMATION FOR INVESTORS
GQG Partners LLC (“GQG”) is an authorised representative (number 001283168) of GQG Partners (Australia) Pty Ltd, ACN 626 132 572, AFSL number 515673. This document and our services may only be provided to wholesale clients (as defined in section 761G of the Corporations Act 2001 (Cth)) domiciled in Australia. This document contains general information only, does not contain any personal advice and does not take into account any prospective investor’s objectives, financial situation or needs. In New Zealand, any offer of a Fund is limited to ‘wholesale investors’ within the meaning of clause 3(2) of Schedule 1 of the Financial Markets Conduct Act 2013. This document is not intended to be distributed or passed on, directly or indirectly, to any other class of persons in Australia and New Zealand, or to persons outside of Australia and New Zealand.
Equity Trustees Limited (“Equity Trustees”) (ABN 22 607 797 615), AFSL 240975, is the Responsible Entity for the GQG Partners Global Equity Fund. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX:EQT). This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. We do not express any view about the accuracy or completeness of information that is not prepared by us and no liability is accepted for any errors it may contain. In preparing this information, we did not take into account the investment objectives, financial situation, or particular needs of any particular person. You should obtain a copy of the relevant Product Disclosures Statement (“PDS”) and Reference Guide before making a decision about whether to invest in a fund.
GQG Partners LLC (“GQG”) is registered as an investment adviser with the U.S. Securities and Exchange Commission. Please see GQG’s Form ADV Part II, which is available upon request, for more information about GQG.
GQG is providing this material for informational purposes only. It should not be construed as an offer or solicitation to sell or buy any securities or for the acquisition or the subscription of units in any fund or for the establishment of any separately managed account. It should not be assumed that any recommendations made by GQG in the future will be profitable or will equal the performance of any securities discussed herein. Before making any investment decision, you should seek expert, professional advice and obtain information regarding the requirements for any investment under the laws applicable to you.
Any account or fund advised by GQG involves significant risks and is suitable only for those persons who can bear the economic risk of the complete loss of their investment. There is no assurance that any account or fund will achieve its investment objectives. Accounts and funds are subject to price volatility and the value of a portfolio will change as the prices of investments go up or down. Before investing in a strategy, you should consider the risks of the strategy as well as whether the strategy is suitable based upon your investment objectives and risk tolerance. There may be additional risks associated with international and emerging markets investing involving foreign, economic, political, monetary, and/or legal factors. International investing is not for everyone. You can lose money by investing in securities.
© 2020 GQG Partners LLC. All rights reserved. Information is presented as at 30 September 2020 and denominated in Australian dollars (A$) unless otherwise stated.
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