GQG Partners has started the new year by lowering its fund fees.
The firm, headquartered in Fort Lauderdale, Fla., announced that effective Jan. 1 it reduced management fees across all share classes of its GQG Partners Emerging Markets Equity Fund for U.S. investors from 0.95 percent to 0.90 percent.
GQG Partners also reduced expense ratios for each share class:
- The net expense ratio for GQGIX Institutional Shares was reduced from 1.08 percent to 0.98 percent, while the gross ratio went from 1.15 percent to 1.10 percent.
- The net ratio for GQGPX Retail Shares dropped from 1.26 percent to 1.16 percent, while the gross fell from 1.33 percent to 1.28 percent.
- The net ratio for GQGRX Retirement/R6 Shares decreased from 1.08 percent to 0.98 percent, while the gross went from 1.15 percent to 1.10 percent.
GQG Partners said the cuts put its fund in the lowest quintile of the investor share classes of 40 actively managed funds in the Morningstar Diversified Emerging Markets category from a net fee perspective.
“With this fee reduction to our already competitive fees, we hope to reward our loyal fund shareholders by sharing the economies of scale that the fund and the company have achieved,” fund manager Rajiv Jain said in a prepared statement.
GQG Partners is a boutique investment management firm focused on global, international, U.S., and emerging markets equities.