Positive flows at GQG in May
GQG has recovered losses from April this month with funds under management (FUM) rising by 4.6%.
During April, the firm saw assets fall from US$92.9 billion ($130.4 billion) to US$90.4 billion as a result of market movements but the firm has recovered this and more in May with FUM reaching US$94.6 billion.
The firm said it saw strong growth across all strategies with global equity, emerging markets equity, international equity and US equity all seeing their FUM increase.
International equity increased from US$31.9 billion at 30 April, 2022 to US$33.7 billion at 31 May, 2022 while global equity rose from US$28.9 billion to US$29.7 billion.
Emerging markets equity rose from US$23.7 billion to US$24.7 billion and US equity saw FUM increase from US$5.9 billion to US$6.5 billion.
Laird Abernethy, managing director Australia and New Zealand for GQG Partners, said: “In challenging markets, GQG Partners delivered strong absolute and relative performance across all strategies for the month of May, with the firm’s FUM increasing by 4.6% over the period”.
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.
