GQG starts 2023 with FUM increase
Fund manager GQG Partners has announced its latest funds under management for January, starting off the year with a positive uplift.
In a statement to the Australian Securities Exchange (ASX), the firm said assets had risen from US$88 billion ($127 billion) at the end of 2022 to $US92 billion at the end of January.
This 4.5% growth compared to a 2.9% decline between November and December.
All asset classes- international equity, global equity, emerging market equity and US equity recorded positive gains.
The largest was seen in emerging markets equity which saw a gain of 8% to grow from $22.8 billion to $24.6 billion.
This was followed by a rise of 5.1% for international equity, which rose from $33.1 billion to $34.8 billion, and a 3% rise for US equities which increased from $6.9 billion to $7 billion.
The smallest rise was observed in the firm’s global equity division which rose by 1.1% from $25.2 billion to $25.5 billion.
GQG was headquartered in the US but in Australia, the firm offered a Global Equity fund, Emerging Markets Equity fund and a Global Quality Dividend Income fund, the latter of which was launched last July.
Speaking at the end of 2022, the firm noted it had a “solid pipeline for potential new business in 2023” and that its investment performance combined with distribution capabilities set the firm up well for the year ahead.
AUTHOR
Laura Dew
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
