GQG launches dividend income fund
GQG has launched the GQG Global Quality Dividend Income strategy after receiving $125 million from a large Australian financial institution.
The fund would seek to invest in a high-quality dividend-paying companies in developed and emerging countries and GQG said it had seen “substantial demand” for a product of this type from institutions and superannuation funds.
It hoped the strategy would meet the needs of investors who were seeking a regular and stable option when rates were at historic lows, with reduced downside risk.
Rajiv Jain, chief investment officer of GQG, said: “Our focus is on identifying quality businesses that have the ability to grow revenue as well as provide a steady dividend income stream over time.
“We believe this approach should help our clients protect on the downside during periods of market volatility and compound their wealth over the long run”.
GQG recently floated on the Australian Securities Exchange (ASX) after raising $1.18 billion.
The firm currently ran a $910 million Global Equity fund and a $528 million Emerging Markets Equity fund which were launched in 2016 and 2017 respectively.
AUTHOR
Laura Dew
Recommended for you
Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.
AllianceBernstein has announced its chief investment officer and Australian equity manager Roy Maslen is to step down from the firm at the end of the year.
Pinnacle Investment Management has announced it plans to launch a new affiliate from a global equities team departing Royal London Asset Management.
Asset manager Nuveen is seeing opportunity in municipal bonds which are at their highest yields in over a decade.
