GQG starts 2023 with FUM increase
Fund manager GQG Partners has announced its latest funds under management for January, starting off the year with a positive uplift.
In a statement to the Australian Securities Exchange (ASX), the firm said assets had risen from US$88 billion ($127 billion) at the end of 2022 to $US92 billion at the end of January.
This 4.5% growth compared to a 2.9% decline between November and December.
All asset classes- international equity, global equity, emerging market equity and US equity recorded positive gains.
The largest was seen in emerging markets equity which saw a gain of 8% to grow from $22.8 billion to $24.6 billion.
This was followed by a rise of 5.1% for international equity, which rose from $33.1 billion to $34.8 billion, and a 3% rise for US equities which increased from $6.9 billion to $7 billion.
The smallest rise was observed in the firm’s global equity division which rose by 1.1% from $25.2 billion to $25.5 billion.
GQG was headquartered in the US but in Australia, the firm offered a Global Equity fund, Emerging Markets Equity fund and a Global Quality Dividend Income fund, the latter of which was launched last July.
Speaking at the end of 2022, the firm noted it had a “solid pipeline for potential new business in 2023” and that its investment performance combined with distribution capabilities set the firm up well for the year ahead.
AUTHOR
Laura Dew
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