GQG Partners expands its Aussie wholesale business
US-based fund manager, GQG Partners, has announced it continues to expand its Australian wholesale business, which the manager first entered just under a year ago, with a $20 million mandate from boutique investment advisory firm, PlayfairTan for its global equity strategy.
PlayfairTan’s investment director, Darren Cunneen, said that the manager had been selected due to its competitively priced strategy, its performance track record and due to the fact that the GQG’s strategy was benchmark unaware.
“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,” Laird Abernethy, managing director of GQG Partners Australia & New Zealand, said.
According to him, the business saw a relatively strong interest from financial advisory groups in the past 12 months.
Additionally, GQG Partners received strong ratings in its first review from Morningstar, with a gold Morningstar Analyst Rating for the GQG Partners Emerging Markets Equity fund and a silver Morningstar Analyst Rating for its GQG Partners Global Equity fund.
The research house, in its global fund report for the emerging markets fund, appreciated the GQG Partners Emerging Markets Equity’s highly experienced manager Rajiv Jain and his “impressive long-term record which tends to hold up better in volatile markets”.
Also, according to Morningstar, the GQG Partners Global Equity’s experienced manager, well-considered strategy, and an attractive fee made a compelling investment proposition.
The funds were 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.
AUTHOR
Oksana Patron
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
