In The News

GQG Partners Increases Scale, Reduces Fund Fees in Australia

Jun. 12, 2020

SYDNEY — 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”.

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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.

MEDIA CONTACT

Claudia Pritchitt
Pritchitt Partners
P  0438 221 550
E  claudia@pritchittpartners.com.au

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.

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