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
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
Frontier Advisors has bolstered its Japanese footprint through a partnership with the $350 billion asset management arm of Nippon Life Insurance Company.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
