Goldman Sachs Asset Management (GSAM) and GQG Partners, the firm set up by former Vontobel manager Rajiv Jain, have launched a long-only global equity strategy, which will be available to retail investors across Europe.
The Goldman Sachs GQG Partners Global Equity Portfolio, which is a sub fund of the UCITS-qualifying Luxembourg-domiciled Goldman Sachs Funds SICAV, will be managed by GQG's chairman and CIO Jain, and distributed exclusively by GSAM.
GSAM said Jain will be supported by an investment team of nine other professionals from both "traditional and non-traditional backgrounds", with staff experienced in areas like investigative journalism and forensic accountancy.
Commenting on the launch, Jain said: "The non-traditional perspectives in our bottom-up approach allows us to see things other investors may miss, a belief reinforced by experience successfully navigating two 20%+ drawdowns and a 50%+ drawdown in the global equity market."
The fund, which will invest the MSCI ACWI (Total Return Net) benchmark, will hold between 35 and 70 stocks that have sustainable long-term growth prospects at a reasonable price.
Stocks will be evaluated on a fundamental approach, based on the strength of each business, growth potential and valuations.
GSAM said the fund's "active and flexible approach", will enable it to adapt to changing market conditions and, as a result, will often differ to the benchmark with regard to country and sector weights.
Head of international third party distribution at GSAM Nick Philips said the launch comes amid more demand for "global diversification" in investors' equity portfolios, as well as an increased focus on achieving long-term results.
"Through offering global developed and emerging market equity exposure in one product, we believe his investment strategy will further help clients achieve their long-term goals."
GQG was set up by Jain after he left Swiss firm Vontobel Asset Management in May 2016 and currently has in excess of $5bn in AUM, as at June 2017.
It has one other fund available to UK institutional investors, the Emerging Markets Equity fund, which is also managed by Jain.
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