- GQG Partners (GQG) starts 2022 with US$91.2 billion (A$126.93 billion) in total funds under management, according to an update released today
- During the second half of the year, the company reported cash inflows of US$6.2 billion (A$8.63 billion) — significantly more than the US$3.9 billion (A$5.43 billion) originally predicted
- The figures include three new sub-advisory relationships which were established in the last quarter
- The company said its management fees form most of its net revenue over performance fees
- Shares are trading 1.37 per cent lower this morning at $1.81 each
GQG Partners (GQG) has started 2022 with US$91.2 billion (A$126.93 billion) in total funds under management, according to an update released today.
For the last quarter of the year, the company said it experienced net inflows of US$3 billion (A$4.18 billion).
When combined with the September quarter, net inflows of US$6.2 billion (A$8.63 billion) for the six month period were recorded. The company had originally predicted US$3.9 billion (A$5.43 billion) for this timeframe.
The company said the figures include three new sub-advisory relationships which were established during the quarter. It also advised of business momentum across multiple geographies and channels.
GQG said it has seen strong adoption of its recently launched strategies, including the US Equity UCITS vehicle which ended the year with over US$0.5 billion (A$0.7 billion) in net assets less than a year after launch.
The company also reported growth to its existing US mutual fund sub-advisory relationships, including the GS GQG Partners International Opportunities Fund. This fund added US$1.2 billion (A$1.67 billion) in net inflows for the quarter, and US$5.2 billion (A$7.24 billion) for the full calendar year.
The management fees as opposed to performance fees comprise of the vast majority of the company’s net revenue.
Shares are trading 1.37 per cent lower this morning at $1.81 each at 10:56 am AEDT.