GQG Partners has reported its fourth consecutive month of gains, bringing total funds under management (FUM) to US$163.6 billion.
In a monthly FUM update, the US-headquartered asset manager said FUM was US$163.6 billion ($255.8 billion), up by 1 per cent from US$161.9 billion in April. Since April 2024, FUM has grown by 15 per cent.
Total net flows during the month were US$1.4 billion, down slightly from US$1.8 billion in March.
This brings total net flows for the 2025 year to date to US$6 billion, up from US$4.6 billion in the previous month.
Looking at the specific asset classes, international equity saw the largest gains from US$63.7 billion to US$65.4 billion, a rise of 2.6 per cent. Emerging markets equity, global equity and US equity assets remained largely unchanged in the previous month.
April was the fourth consecutive month of gains after a difficult December which saw FUM fall 4 per cent as a result of institutional redemptions after its investment in Adani Group. The Indian energy and infrastructure company saw its shares plunge after news that the company was facing indictment charges from US authorities over an alleged bribery scheme.
Earlier this year, the fund manager shared its quarterly flows for the three months to 31 March which showed net flows for GQG Partners during the quarter were US$4.6 billion, with only emerging markets equity reporting outflows of US$1.1 billion. On the other hand, international equity saw inflows of US$2 billion, US equity gained US$2.5 billion, and global equity gained US$1.1 billion.
“For the first quarter of 2025, three of our flagship strategies outperformed their relative benchmarks. We believe that we continue to be well positioned relative to the competition with strong long-term risk adjusted returns bolstered by our global distribution capabilities,” it said.
“As the first quarter progressed, and in particular in March, we continued to reposition our portfolios with the aim of achieving higher certainty of earnings in our holdings, which we believe is appropriate in the current market environment.”
During April, the firm was identified by Morningstar as the sole Australian-listed asset manager that is able to compete against passive players.
Commenting on how active firms are feeling the pressure of ETF providers, Morningstar equity analyst, Shaun Ler, said: “GQG is an exception, benefitting from a strong long-term track record, though short-term challenges highlight the difficulty to consistently outperform.”
