Following on from net inflows of US$3.4bn GQG Partners (ASX: GQG) posted in the three months to March 2022,– amid an extremely challenging macro environment – the US-based ASX-listed global equities manager has reported a 4.6% gain in funds under management (FUM) to $94.6bn at the end of May.
To put the significance of GQG Partners update in context, local rival Magellan Financial Group continued to report monthly declines in FUM to $65bn at the end of May from $68.6bn in April.
International equity rose from $US31.9bn to $US33.7bn
Global equity increased from $US28.9bn to $US29.7bn
Emerging markets equity rose from $US23.7bn to $US24.7bn
US equity increased from $US5.9bn to $US6.5bn
GQG’s share price is down -25.91% for the 12 months, and year-to-date has bounced from $1.73 to a high of $1.90 mid-January back to around $1.63 today.
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