GQG starts 2023 with FUM increase

gqg FUM GQG Partners

7 February 2023
| By Laura Dew |
image
image
expand image

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.

 

Read more about:

AUTHOR

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

MARKET INSIGHTS

Alex

Planners will be in short supply, with only 376 in FY23–24. In my experience, of this number, only around 20% to 30% wi...

6 hours ago
Peter James

As usual there is no delineation in the article between risk specialist advisers and investment specialist advisers. Thi...

7 hours ago
Mark Harris

Is he serious, improvements from legislation change, all I see is more ASIC compliance and higher costs, this government...

8 hours 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 5 days 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 1 day ago

Analysis by Chant West of the annual performance of growth superannuation funds has uncovered which ones see the best performance....

5 days 2 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Ardea Diversified Bond F
144.00 3 y p.a(%)
3
Hills International
63.39 3 y p.a(%)