GQG Partners sees 3% growth in FUM
GQG Partners has reported net inflows of US$1.4 billion in May.
In its monthly funds under management (FUM) update, the fund manager said total FUM was US$168.5 billion ($258 billion) which was a 3 per cent rise from US$163.6 billion in April.
Net inflows of US$1.4 billion during May were unchanged from April and total inflows since the start of the year now stand at US$7.4 billion.
This is the fifth consecutive month the US-headquartered firm has reported positive inflows and the fifth month that has seen inflows of more than US$1 billion, with the largest being in March when it saw inflows of US$1.8 billion.
Since May 2024 when FUM stood at US$143.4 billion, FUM has risen 17.5 per cent over the year.
The greatest proportion of inflows during the month went into the firm’s international equity products at US$0.8 billion, with FUM in that division rising from US$65.4 billion to US$68.3 billion.
Global equity, emerging market equity, and US equity divisions all reported smaller gains, although its emerging market equity division has reported outflows of US$1 billion on a year-to-date basis and is the only sector to see outflows. The US equity division has seen the largest year-to-date inflows at US$3.3 billion.
In Australia, the firm offers a Global Equity Fund, Emerging Markets Equity Fund, and Global Quality Value Fund.
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.”
AUTHOR
Laura Dew
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