GQG Partners financial update

GQG Partners (ASX:GQG) has provided an update on its Funds Under Management (FUM) as of 31 October 2024. The report shows a slight decrease in total FUM compared to the previous month but highlights an increase in net flows year-to-date.

Overview of FUM performance

GQG Partners reported a total FUM of $159.4 billion as of 31 October 2024, a decrease from $161.6 billion the previous month. Despite this, the company saw a positive net flow of $3.0 billion for the month and $20.3 billion year-to-date. International, Global, Emerging Markets, and U.S. Equity sectors all showed varied performance, with the U.S. Equity sector experiencing growth from $15.1 billion to $15.7 billion. GQG aims to continue its growth with robust year-to-date net flows, maintaining a focus on effective management and advisory services through its subsidiary, GQG Partners LLC. The figures are based on the latest estimates and were authorized by Frederick H. Sherley, Secretary of GQG Partners Inc.

Executive commentary on FUM status

The FUM figures include both discretionary and non-discretionary funds and encompass both fee-paying and non-fee-paying funds. These figures reflect management and advisory services provided by GQG Partners LLC, a wholly owned subsidiary of GQG Partners Inc.