MEDIA RELEASE: GQG Partners, one of the world's leading global equity boutique investment management firms, received “Fund Manager of the Year – Global Equities” at the 2023 Morningstar Australia Awards, held in Sydney on Thursday, 23 February.
The Morningstar Australia Awards recognise and celebrate the best of the Australian fund management profession as selected by Morningstar’s manager research analysts. This is the 23rd year that the awards have run.
Laird Abernethy, Managing Director, Australia, and New Zealand, for GQG Partners said that winning global equities fund manager of the year award is an outstanding accolade for the business and is testament to the adaptability, durability and strength of GQG’s investment team and process.
“Our investment process at GQG is centred around identifying those companies that exhibit strong ‘forward looking’ quality attributes. We believe that focussing on the future quality of a company, as opposed to its current or historic quality, enables the team to think outside the traditional prism of value and growth investing and instead focus on identifying those future quality compounders, regardless of which sector they may reside.”
“We believe this forward-looking approach provides our portfolio managers a higher degree of adaptability, particularly as market regimes shift. We saw this process in action over the second half of 2021, where we moved to an underweight tech and overweight energy position. A position that many of our ‘quality’ peers likely didn’t have and that we believe provided strong downside risk management for our investors”.
Whilst headquartered in Fort Lauderdale, Florida, GQG Partners has a strong affinity with Australia, opening its first registered office outside of the USA in Sydney 2019. Additionally, GQG Partners’ parent company, GQG Inc., was listed on the ASX in October 2021.
“We believe this award from Morningstar will continue to help develop our profile in the Australian market across all investor channels and we’re delighted to see the investment that GQG made to establish a local subsidiary some four years ago is now making our strategies available to a broader range of the Australian public”, Abernethy said.
Award finalists and winners are determined by a combination of qualitative research by Morningstar's manager research analysts; risk-adjusted medium- to long-term performance track records; and performance in the 2022 calendar year.
Only fund managers with products available for sale in Australia qualify for inclusion in the Morningstar Australia Awards. Morningstar determines winners based on a combination of qualitative research by its manager research analysts; risk-adjusted returns over medium- to long-term periods; and performance in the 2022 calendar year. Morningstar's manager research analysts assess the track record for a fund based on Morningstar's Risk-Adjusted Return measure over the one-, three-, five-, and ten-year periods. The criteria balance the performance of fund managers with consistent strong returns over the long term, not just rewarding those with the most impressive one-year return.
