GQG Partners Global Equity (ETL7377AU) Report & Performance

What is the GQG Partners Global Equity fund?

GQG Partners Global Equity aims to seek long-term capital appreciation by investing directly or indirectly in equity securities and equity-linked securities anywhere in the world that GQG Partners believes can sustain long-term earnings growth and are available at a reasonable price. The objective of the Fund is to provide a rate of return (after fees and expenses and before taxes) which exceeds the return of the MSCI ACWI ex Tobacco (AUD).

  • Employs a disciplined investment process rooted in deeply held beliefs about investing.
  • Pursues a fundamental security selection process, conducting analyses of a company’s financial statements, economic health, competitors and the markets that it serves.
  • Seeks to identify companies with a strong financial position, capable management, and promising growth opportunities, which GQG Partners believes are most likely to enjoy sustained earnings growth over time.
  • Combines an intensive focus on high quality companies with strong pricing discipline.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For GQG Partners Global Equity

GQG Partners Global Equity Fund Commentary December 31, 2022

The Fund returned 5.41% versus the MSCI ACWI ex Tobacco (Net) 4.01% over the 402022 period.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Product Overview
  • Performance Review
  • Peer Comparison
  • Product Details

Product Overview

Fund Name APIR Code
? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.
Structure
?
Asset Class
? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.
Asset Category
? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.
Peer Benchmark Name
? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.
Broad Market Index
? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.
FUM
? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.
Management Fee
? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.
Performance Fee
? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.
Spread
? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
GQG Partners Global EquityETL7377AUManaged FundsForeign EquityLarge GrowthForeign Equity - Large Growth IndexDeveloped -World Index531.38 M0.75%0.00%0.4%

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
GQG Partners Global Equity2.41%0.89%36.28%19.27%16.7%14.25%13.11%11.18%-3.76%-7.58%-8.28%

Peer Comparison

Fund Name Peer Index Name
? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.
12 Months Excess Return
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
Excess Return Annualised Since Inception
? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.
12 Months Alpha
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
Alpha Annualised Since Inception
? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.
12 Months Beta
? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
Beta Annualised Since Inception
? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).
12 Months Tracking Error
? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
Tracking Error Since Inception
? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.
12 Months Correlation
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Correlation Since Inception
? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
GQG Partners Global EquityForeign Equity - Large Growth Index15.51%3.83%NA%NA%NA%1.018.45%8.98%0.820.7

Product Details

Fund Name Verifed by SMSF Mates Manager Address Phone Website Email
GQG Partners Global EquityYes-https://gqgpartners.com/-

Product Due Diligence

What is GQG Partners Global Equity

GQG Partners Global Equity is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Growth Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The GQG Partners Global Equity has Assets Under Management of 531.38 M with a management fee of 0.75%, a performance fee of 0.00% and a buy/sell spread fee of 0.4%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the GQG Partners Global Equity has returned 2.41% in the last month. The previous three years have returned 19.27% annualised and 11.18% each year since inception, which is when the GQG Partners Global Equity first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since GQG Partners Global Equity first started, the Sharpe ratio is NA with an annualised volatility of 11.18%. The maximum drawdown of the investment product in the last 12 months is -3.76% and -8.28% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The GQG Partners Global Equity has a 12-month excess return when compared to the Foreign Equity - Large Growth Index of 15.51% and 3.83% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. GQG Partners Global Equity has produced Alpha over the Foreign Equity - Large Growth Index of NA% in the last 12 months and NA% since inception.

What are similar investment products?

For a full list of investment products in the Foreign Equity - Large Growth Index category, you can click here for the Peer Investment Report.

What level of diversification will GQG Partners Global Equity provide?

GQG Partners Global Equity has a correlation coefficient of 0.7 and a beta of 1.01 when compared to the Foreign Equity - Large Growth Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on GQG Partners Global Equity and its peer investments, you can click here for the Peer Investment Report.

How do I compare the GQG Partners Global Equity with the Developed -World Index?

For a full quantitative report on GQG Partners Global Equity compared to the Developed -World Index, you can click here.

Can I sort and compare the GQG Partners Global Equity to do my own analysis?

To sort and compare the GQG Partners Global Equity financial metrics, please refer to the table above.

Has the GQG Partners Global Equity been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in GQG Partners Global Equity?

If you or your self managed super fund would like to invest in the GQG Partners Global Equity please contact via phone or via email .

How do I get in contact with the GQG Partners Global Equity?

If you would like to get in contact with the GQG Partners Global Equity manager, please call .

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the GQG Partners Global Equity. All data and commentary for this fund is provided free of charge for our readers general information.

Historical Performance Commentary

Performance Commentary - September 30, 2022

The Fund returned % ve -3.15 MSCI ACW rsus the I ex Tobacco -0.31 (Net) % over the 3Q2022 period.

Performance Commentary - June 30, 2022

The Fund returned % ve -7.71 MSCI ACW rsus the I Index (Net) -15.66% over the period 2Q2022.

Performance Commentary - December 31, 2020

Cyclical. That’s probably the right word to describe not only knowledge, but the fourth quarter of 2020 specifically and 2020 more generally. And much like human behavior, this year’s market certainly had its cycles. In fact, 2020 felt like a complete market cycle compressed into 12 months. The year started with a strong rally that was suddenly followed by one of the fastest and most significant market declines in history as the Covid-19 pandemic led to deteriorating economic data and lack of clarity on future earnings. Fast forward a few months and we saw a strong rebound, then broad-based strength for the rest of the year post-US election and on the back of better than expected vaccine news.

Adaptability and humility were crucial in navigating these cycles, as always. That means there were times we acted swiftly and aggressively in the midst of tremendous uncertainty, and other times when we felt we needed to be patient and wait for new data points before making additional changes to our portfolios. It’s what we call driving based on the road conditions. Having said that, our strong commitment to striving to protect our investors’ assets during these inflection points often means we underperform our benchmarks on a relative basis during the early stages of a rebound.

Generally speaking, if deep cyclicals rise, which they typically do in early stages of an upturn, we expect to underperform on a relative basis. During the fourth quarter, and this was most pronounced in November, we saw the areas of the market that were most negatively impacted by the pandemic suddenly jump in price on the news of strong data on the efficacy of the vaccines as well as US elections results. Maybe the most dramatic example of this was Carnival Cruise Lines (CCL), which jumped nearly 40 per cent on Monday, November 9, 2020. As you can imagine, our exposure to this part of the market — perhaps the most negatively impacted by the pandemic — was nil, because we feel we have very little visibility on the earnings potential of these companies over the next three to five years. Many energy companies would fit in this speculative bucket as well. In November, two of the top five best-performing asset classes were Brent Crude and WTI.

Looking at the patterns of the market, what actually surprised us during this period was that several of the most expensive companies, whether on a price-to-earnings basis or more egregiously on a price-to-sales basis, also appreciated (more on that in a moment). Quality growth at sensible prices — what we call motherhood and apple pie investing — underperformed and basically didn’t participate in the rally. As you’ll see below, we believe we are positioned for where we think markets are going, but always with downside protection front of mind. Our philosophy is that investing isn’t about being proven right or wrong; it’s about surviving. That could be the answer to why most managers don’t have a very long-term record.

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