Nationwide partners with GQG on new US Quality Equity Fund
Columbus, OH - Nationwide added a new option to its menu of funds with the launch of its Nationwide GQG US Quality Equity Fund. The Fund, built from the GQG US Equity strategy, is designed to solve the need of institutional investors looking for diversified, alpha-producing US Equity solutions.
The new fund will be subadvised by GQG Partners, a boutique investment firm founded in 2016 by Rajiv Jain, its chairman and chief investment officer. In under 5 years, GQG Partners has grown to more than $65 billion in assets under management, a testament to their unique perspectives and objective of delivering alpha across market conditions.
The Fund will be managed by Jain, who has more than 25 years of investment experience.
“We look forward to this new partnership with Rajiv and his team of experienced professionals who have quickly developed a strong and respected reputation among institutional investors,” said Mike Spangler, leader of the Investment Management Group at Nationwide. “We’re confident their expertise can help make the Nationwide GQG US Quality Equity Fund a successful addition to our existing portfolio we offer to institutional investors.”
The Nationwide GQG US Quality Equity Fund (NWAWX) is intended to offer investors the opportunity to access the portfolio management skills of the GQG team and their forward-looking quality approach, which focuses on the compounding potential of a company versus a value-growth style box. GQG’s research team includes non-traditional analysts, such as those with investigative journalism and specialized accounting backgrounds, alongside analysts with more traditional skill-sets. GQG believes the combination of the two helps it develop a more comprehensive view of some of the world’s most well-known companies.
“Nationwide is the ideal strategic partner for GQG Partners with their commitment to excellence, and client-focused culture,” said Jain. “Our goals of protecting and compounding capital while aligning with clients is paramount in our business.”
As a strategic partner to advisors, Nationwide provides a full family of subadvised mutual funds designed to help meet the unique investment goals and risk tolerances of investors. Nationwide currently manages 116 funds with approximately $74.4 billion in assets, excluding fund of funds.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.
About GQG Partners
GQG Partners LLC is an independent Florida-based boutique equities manager focused on global and emerging markets strategies. Rajiv Jain co-founded the firm in June 2016 after leaving his long tenure at Vontobel Asset Management as co-CEO, CIO and Head of Equities. Since then, GQG Partners has grown to manage more than US$60 billion of discretionary and advisory assets worldwide (as at December 31, 2020). GQG Partners focuses on identifying enduring quality characteristics in reasonably priced global equities for long-term capital appreciation. GQG Partners relies on a diverse and non-traditional team of analysts to challenge the short-term projections and backward-looking dogma that GQG believes dominates market discourse. Since its establishment in 2016, GQG Partners has set out to create a benchmark of alignment in the industry: alignment with investors, with its associates and with the global communities in which they work and live.
Call 800-848-0920 to request a summary prospectus and/or a prospectus, or download prospectuses at nationwide.com/mutual-funds-prospectuses.jsp. These prospectuses outline investment objectives, risks, fees, charges and expenses, and other information that you should read and consider carefully before investing.
Key Risks: The Fund is subject to the risks of investing in equity securities. The Fund may invest in more-aggressive investments such as foreign securities (which are volatile, harder to price and less liquid than U.S. securities). The Fund is nondiversified and may hold large positions in a small number of securities, and an increase or decrease in the value of such securities may have a greater impact on the Fund's value and total return. The Fund may invest in initial public offerings (IPOs), which often are subject to greater and more-unpredictable price changes than more-established stocks. Please refer to the most recent prospectus for a more detailed explanation of the Fund's principal risks.
S&P 500® Index: An unmanaged, market capitalization-weighted index of 500 stocks of leading large-cap U.S. companies in leading industries; gives a broad look at the U.S. equities market and those companies’ stock price performance.
Nationwide Funds distributed by Nationwide Fund Distributors LLC (NFD), member FINRA, Columbus, OH. NFD is not affiliated with any subadviser contracted by Nationwide Fund Advisors (NFA), with the exception of Nationwide Asset Management, LLC (NWAM).
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