EFGAM has partnered with Rajiv Jain’s boutique, GQG Partners, to exclusively distribute the firm’s emerging markets fund in Switzerland and Singapore.
The GQG Partners Emerging Markets Equity Ucits fund is managed by Jain, who is CIO at the firm. The strategy will be an addition to the fund range offered by EFGAM.
The fund manager will implement the same qualitative investment process he has developed over two decades, evaluating each company based on financial strength, management quality and earnings growth sustainability.
Those two are now managed by Matthew Benkendorf, who assumed Jain’s former role as CIO for Vontobel’s quality growth boutique after his departure.
In an interview with Citywire Switzerland’s sister website Citywire USA, Jain said he left Vontobel at the time to ‘to realise his own entrepreneurial plans' and explained in depth his rigorous investment approach.
Commenting on the new partnership with the Swiss asset manager, Jain said he respects EFGAM for its focused and disciplined approach to investment and client service, making the firm the ideal partner when his boutique launched the fund in January 2017.
‘Like Moz and the team I am a firm believer in having courage in my convictions. To that end, every stock we hold will be there on merit, not simply because it is in the index. I am very pleased to be working with EFGAM and developing our partnership further over time,’ he said.
Commenting on the new partnership, Moz Afzal, CIO at EFGAM, said:
‘There are many reasons to be optimistic about emerging market equities. For example, not only is the US dollar starting from a position in which it is already fundamentally overvalued but the structural prospects for growth are much better in emerging markets than in the world’s advanced economies, supported by good demographics and positive productivity trends.’
Meanwhile, Jain's former strategy, the Vontobel Fund Emerging Markets Equity fund, has returned 21.56% in Swiss franc terms over the last three years to the end of April 2017. Its benchmark, the MSCI EM (Emerging Markets) NR USD, has returned 19.26% over the same timeframe.