Positive flows at GQG
GQG Partners has seen an increase in funds under management to US$88 billion (AU$127 billion).
In an announcement to the Australian Securities Exchange (ASX), the firm said total FUM had risen from $86.7 billion to $88.9 billion.
This compared to negative flows in the previous month when FUM fell from US$94.6 billion to US$86.7 billion as a result of negative market returns and industry outflows.
The largest area of FUM in July was in its international equities space which had US$31.8 billion in FUM, up from US$31 billion in June, a rise of 2.5%.
However, the largest monthly growth was seen in its US equity funds which rose 8.3% from US$6 billion to US$6.5 billion.
In emerging markets equity, an area which was hindered by Russian exposure earlier this year, FUM returned to positive flows from US$23.3 billion to US$23.6 billion.
AUTHOR
Laura Dew
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
Frontier Advisors has bolstered its Japanese footprint through a partnership with the $350 billion asset management arm of Nippon Life Insurance Company.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
