The specialist trustee company has been chosen by GQG Partners.
GQG Partners has selected Equity Trustees as responsible entity (RE) for the investment boutique’s recently launched Global Quality Dividend Income Fund.
The new fund aims to provide a rate of return which exceeds the MSCI ACWI High Dividend Yield ex Tobacco AUD Index by investing primarily in equity securities or equity-linked instruments of companies anywhere in the world that are expected to pay dividends.
“It’s great to add another option to the fold for investors seeking income,” said Equity Trustees executive general manager, corporate trustee services, Russell Beasley.
“Equity Trustees is excited to bring our years of local and international funds governance experience to GQG Partner’s equity income capability.”
Launched last month, the GQG Partners Global Quality Dividend Income Fund has a long-term objective of capital appreciation and dividend income and is said to be suited to investors with time horizons of five years or more.
“Equity Trustees have a wealth of global experience in listed investments. We believe their expertise is a good fit for us and this type of fund, and we look forward to benefiting from their reputable experience in funds governance,” said GQG Partners managing director, Australia and New Zealand, Laird Abernethy.
“We believe the launch of the GQG Partners Global Quality Dividend Income Fund will give investors access to a quality-focused global dividend income strategy that aims to limit downside risk while providing capital appreciation, dividend income, and attractive returns to long-term investors over a full market cycle.”
The fund received an initial research rating of “recommended” from Zenith Investment Partners, who said that GQG’s collective experience and unique structure made them stand out among the competition.
“Zenith holds GQG's investment capabilities in high regard and believes the fund is well positioned to achieve its investment objectives over the long term,” the firm said.
In an ASX update, the investment boutique reported a drop in funds under management from US$87.4 billion at the end of August to US$79.2 billion as at 30 September given the backdrop of heightened volatility in markets.
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.