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.
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.