GQG ends 2022 with strong footing

gqg funds equities funds under management

10 January 2023
| By Rhea Nath |
expand image

Despite a tumultuous year for equity markets, GQG has ended the year at nearly 96% of the level of funds under management at which it began.

Per industry benchmarking, GQG said it would expect to be among the top firms in net fund inflows for active equity managers both in Australia and the US on a full year basis as it received US$8 billion ($11 billion) in inflows during the year.

GQG’s December quarterly figures indicated the firm wrapped up 2022 at US$88 billion, compared to $US91.2 billion at year end 2021.

For the quarter, it experienced net inflows of US$0.9 billion.

“Given global equity market returns, combined with overall industry net outflows in 2022, we are pleased that we have been able to withstand these pressures and continue to deliver for our clients and shareholders this year,” GQG noted.

Of the total funds under management at year end, international equity comprised the largest chunk at US$33.1 billion, followed by global equity at US$25.2 billion.

Emerging markets equity stood at US$22.8 billion and US equity was US$6.9 billion.

All funds were slightly lower than November 2022 figures, the quarterly data showed.

As in prior periods, GQG highlighted that management fees, those fees that were a percentage of assets managed, continued to make up the lion’s share of net revenue, compared to performance fees linked to investment performance.

GQG stated: “We continue to see business momentum, with a solid pipeline for potential new business in 2023. We believe our strong investment performance in 2022, combined with our global, diversified distribution capabilities position us well in the market”.


Read more about:


Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry



If the parent company of Dixons (Evans & Partners) is still operating (and very very profitably too) should the next que...

10 minutes 17 seconds ago

I would also like to know, at what point investors become responsible for the investments they make?...

35 minutes 30 seconds ago
Peter Johnson

As others have said - plenty of excuses for further falls. How about decades of being continually beaten down by the...

3 hours 31 minutes ago

Insignia Financial has unveiled a new operating model and executive team, including a new head of advice, while three senior executives are set to depart the licensee....

1 week 6 days ago

ASIC has secured travel restraint orders against a financial adviser while he is the subject of an investigation into alleged financial misconduct....

1 day 21 hours ago

The $280 billion Australian Retirement Trust is the first superannuation fund off the block to report its performance for the 2023-24 financial year....

3 weeks 2 days ago


Fund name
Ardea Diversified Bond F
144.00 3 y p.a(%)
Hills International
63.39 3 y p.a(%)