Key facts on GQG's financial update

GQG Partners (ASX:GQG) has provided an update on their Funds Under Management (FUM) as of November 30, 2024. The total FUM rose slightly to US$159.5 billion, compared to the previous month. The report highlights a significant increase in gross flows for November, reflecting positive fund activity.

Overview of GQG's FUM distribution and outlook

GQG Partners has reported a slight increase in their total Funds Under Management (FUM) for November 2024, reaching approximately US$159.5 billion. The distribution of FUM showed growth in Global and U.S. Equities, while International and Emerging Markets Equities experienced a decline. Notably, gross flows for November were US$4.2 billion, marking a significant rise from previous years. This positive trend continued into early December, indicating an estimated FUM of US$161.5 billion by December 6, 2024. The company remains cautious about short-term data due to possible seasonal impacts. GQG Partners' strategy involves managing both discretionary and non-discretionary funds through its subsidiary, GQG Partners LLC. This update, authorized by Frederick H. Sherley, Secretary of GQG Partners Inc., provides stakeholders with valuable insights into the firm's current performance and strategic positioning in the investment sector.

Executive insights from GQG Partners

The report emphasizes caution in extrapolating short-term data due to potential seasonality and other factors that may affect flows.