Goldman Sachs Asset Management (GSAM) has teamed up with GQG Partners to introduce a long-only global equity fund for institutional and retail investors in Europe that aims to grab high-quality opportunities around the globe.
The new vehicle, dubbed Goldman Sachs GQG Partners Global Equity Portfolio, will hold 35 to 70 stocks that have sustainable long-term growth prospects at a reasonable price. Each stock will be assessed on the basis of the business’ strength, growth potential and valuations.
The Luxembourg-domiciled fund will be managed by GQG chairman and CIO, Rajiv Jain.
GSAM head of international third party distribution Nick Phillips said: “Many investors require more global diversification in their equity portfolios as well as a focus on achieving long-term results.
“Rajiv has become a trusted partner of the firm, helping to manage our clients’ assets for almost a decade. 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.”