All GQG sectors report FUM fall in April
GQG has seen funds under management fall in April, falling from US$92.9 billion (AU$130.4 billion) to US$90.4 billion over the month.
In an announcement to Australian Securities Exchange (ASX), the firm said assets were US$90.4 billion as of 30 April, 2022.
The greatest loss was seen in the emerging markets equity division which fell from US$24.9 billion to US$23.7 billion.
Its Emerging Market Equity fund had been hurt by the ongoing Russia-Ukraine war but the firm had acted promptly to reduce exposure to the region.
Smaller losses were seen in the firm’s international equity, global equity and US equity divisions which meant all four sectors reported a drop in assets.
International equity fell from $32.6 billion to $31.9 billion, global equity fell from $29.3 billion to $28.9 billion and US equity saw assets fall from $6.1 billion to $5.9 billion.
The falls were due to market movements over the month.
The US firm listed on the ASX last October in the largest IPO of 2021 had seen its share price fall since with shares down 27% since it floated.
AUTHOR
Laura Dew
Recommended for you
Regal Partners has passed $20 billion in funds under management, helped by $723 million in net inflows during the last three months.
Global investment manager Fidante has formed a strategic partnership with a London-based asset manager to secure exclusive distribution rights across the APAC region.
Blackwattle Investment Partners has hired a management trio from First Sentier Investors – who departed amid the closure of four investment teams last year – to run its first equity income offering.
Private markets manager Fortitude Investment Partners has launched an evergreen small-cap private equity fund.
