GQG Partners Increases Scale, Reduces Fund Fees in Australia
SYDNEY — 12 June 2020 — GQG Partners has reduced the management fees for the GQG Partners Global Equity Fund and the GQG Partners Emerging Markets Equity Fund, in line with the firm’s client alignment philosophy. Management fees for:
GQG Partners Global Equity Fund reduced from 0.90% to 0.75%1;
GQG Partners Emerging Markets Equity Fund reduced from 1.10% to 0.96 %1.
Laird Abernethy, GQG Partners’ Managing Director of Australia & New Zealand, says: “GQG Partners was founded with the objective of becoming the most client-aligned investment boutique around. How better can we demonstrate that alignment than through sharing the proceeds of our growth with our investors who made it happen? As our business and the funds have grown, the operational overheads have decreased and we are adjusting the fees downwards accordingly.
“Prior to reducing fees, our funds were already below the median within their respective categories. Our overriding objective is to compound our clients’ assets over the long term; fees can make a meaningful impact on long term returns. We believe that the highest quality of management does not need to correlate with the highest level of fees.
“As a global manager with a global client base, GQG Partners see first-hand how sophisticated the Australian market is. In fact, it was one of the reasons why the firm was attracted to it in the first place and decided to open its first office outside of the US here.
“But with that investor sophistication comes a strong focus on fees, and we feel this focus fits well with our goal of being one of the most client-aligned boutique managers in the industry”.
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$59 billion of discretionary and advisory assets worldwide (as at 31 May 2020), with more than A$4 billion of that representing 30 institutional investors in Australasia. At a time when many firms are struggling with various lockdown orders worldwide and suspending hiring, GQG Partners on-boarded 13 new associates globally in the first quarter of 2020 and is actively recruiting for six additional positions. For more information, please visit gqgpartners.com.
P 0438 221 550
1 Fees are expressed as a per cent per annum (p.a.) of the net asset value (NAV) of the share class. Fees quoted are inclusive of Goods and Services Tax (GST) and net of any Reduced Input Tax Credits (RITC). Ordinary expenses such as investment management fees, custodian fees (excluding transaction-based fees such as trading or settlement costs incurred by the custodian), administration and audit fees, and other ordinary expenses of operating the Fund are covered by the management fees at no additional charge to the investor; they do not include extraordinary expenses (if they are incurred in future), such as litigation costs and the costs of convening investor meetings.
IMPORTANT INFORMATION FOR INVESTORS
GQG Partners LLC is exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 (Cth) (the “Act”) in respect of the financial services it is providing. GQG Partners LLC (“GQG”) is regulated by the U.S. Securities and Exchange Commission (“SEC”) under United States laws, which differ from Australian law.
GQG provides services only to wholesale clients (as defined in section 761G of the Act) 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.
Equity Trustees Limited (“Equity Trustees”) (ABN 22 607 797 615), AFSL 240975, is the Responsible Entity for the GQG Partners Global Equity Fund and the GQG Partners Emerging Markets 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 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 12 June 2020 and denominated in Australian dollars (A$) unless otherwise stated.
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