GQG passes $90b in FUM
GQG Partners saw inflows of US$6.2 billion ($8.6 billion) in the six months to 31 December, far higher than its initial estimations.
The firm, which floated in October in the largest IPO of 2021, had previously expected to see inflows of US$3.9 billion during the six-month period.
Flows during the three months to 31 December, 2021, were US$3 billion, which brought total funds under management (FUM) to US$91.2 billion.
The largest proportion of this sat in the international equity division which had US$32.3 billion followed by global equity which had US$27.3 billion.
In an announcement to the Australian Securities Exchange, the firm said: “We continue to see business momentum across multiple geographies and channels. Our FUM and flows figures include three new sub-advisory relationships established during the quarter: one in a US mutual fund for our US equity strategy, one with our US equity strategy as a manager in a newly-launched US multi-manager ETF and one in Australia for our Global Dividend Income strategy.
“We are particularly pleased to see our more recently-launched strategies and products continue to achieve strong adoption.”
AUTHOR
Laura Dew
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
