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- GQG Partners (ASX:GQG) enters 2024 with a record-high FUM of US$120.6 billion
- Quarterly net inflows of US$1.8 billion contribute to full-year net inflows of US$9.9 billion
- Management fees continue to be a key revenue driver
- The company anticipates sustained growth in 2024 with a promising new business pipeline
- GQC last traded at $1.68
GQG Partners (ASX:GQG) has entered 2024 with a record-high US$120.6 billion (A$178.7 billion) in funds under management (FUM).
In the latest quarter alone, GQG experienced net inflows of US$1.8 billion, contributing to a full-year figure of US$9.9 billion.
This positions GQG Partners among the top firms in net fund inflows for active equity managers, both in Australia and the US, as indicated by leading industry benchmarking firms.
The company attributes its success to the consistent delivery of strong risk-adjusted returns in 2023 and over the longer term.
Outlook for 2024
GQG Partners remains optimistic about maintaining its business momentum into the new year. The company begins the year with a promising pipeline for potential new business, signalling a positive outlook for future growth.
It’s worth noting that GQG Partners’ revenue structure is primarily supported by management fees, constituting the majority of net revenue.
This underscores the company’s commitment to alignment with shareholders and its focus on long-term investment performance.
GQG last traded at $1.68.
