GQG Partners’ U.S. Select Quality Equity Fund (GQEPX) has outperformed the S&P 500 over the past five years. Rated five stars by Morningstar, GQEPX is down just 3% this year compared to the S&P 500’s decline of over 5%. In 2024, GQEPX returned 30%, surpassing the S&P 500’s 24%. Over five years, GQEPX has returned 154%, outpacing the S&P 500’s 142%. Deputy portfolio manager Sid Jain attributes this success to swift selling when risks emerge. As the S&P 500 briefly entered a correction due to trade tensions, GQG reduced its tech exposure, notably cutting Apple from its portfolio. Meta Platforms remains its top holding due to its AI-driven ad targeting. Jain also highlighted defensive stocks like Philip Morris and AT&T as key investments. — news from CNBC
