Positive flows at GQG in May
GQG has recovered losses from April this month with funds under management (FUM) rising by 4.6%.
During April, the firm saw assets fall from US$92.9 billion ($130.4 billion) to US$90.4 billion as a result of market movements but the firm has recovered this and more in May with FUM reaching US$94.6 billion.
The firm said it saw strong growth across all strategies with global equity, emerging markets equity, international equity and US equity all seeing their FUM increase.
International equity increased from US$31.9 billion at 30 April, 2022 to US$33.7 billion at 31 May, 2022 while global equity rose from US$28.9 billion to US$29.7 billion.
Emerging markets equity rose from US$23.7 billion to US$24.7 billion and US equity saw FUM increase from US$5.9 billion to US$6.5 billion.
Laird Abernethy, managing director Australia and New Zealand for GQG Partners, said: “In challenging markets, GQG Partners delivered strong absolute and relative performance across all strategies for the month of May, with the firm’s FUM increasing by 4.6% over the period”.
AUTHOR
Laura Dew
Recommended for you
Two ETF fund managers have opted to switch away from Cboe and onto the ASX in search of better broker connectivity.
The former CEO and co-founder of Zenith Investment Partners has switched sides and moved in-house to take up an executive role at a listed fund manager.
The “experiment” away from vertical integration has been a mistake, according to Clime’s Michael Baragwanath, and Clime is positioning to benefit via advice and fund manager acquisitions.
JP Morgan Asset Management has identified Australia as an “emerging growth market” as it seeks to double its assets under management in the Asia-Pacific region in the next five years.
