GQG launches dividend income fund
![image](https://moneymanagement-live.s3-ap-southeast-2.amazonaws.com/s3fs-public/field/image/global%20equities%20globe%20300.jpg)
![image](https://moneymanagement-live.s3-ap-southeast-2.amazonaws.com/s3fs-public/field/image/global%20equities%20globe%20300.jpg)
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.
Recommended for you
Australian and New Zealand sustainable funds saw outflows of more than $1.2 billion in the second quarter of 2024, according to Morningstar, with active strategies accounting for the majority.
Maple-Brown Abbott has finalised an agreement to be acquired by a rival fund manager to create a firm with $18.6 billion in assets under management, just two months after its former CEO exited to lead Magellan.
Following a strategic review, Platinum has announced it will merge its two listed investment companies with two of its quoted managed hedge funds.
With potential US interest rate cuts on the horizon, Income Asset Management believes now is an ideal time to be investing into the corporate bond market.