GQG Partners Q1 2024 FUM and net flows update

GQG Partners Inc. (ASX: $GQG) has reported its funds under management (FUM) as at 31 March 2024, amounting to US$143.4 billion with net flows during the quarter of US$4.6 billion. The company's FUM represent both discretionary and non-discretionary funds, as well as fee paying and non-fee paying funds. GQG Partners LLC, a wholly owned subsidiary of GQG Partners Inc., manages or advises all FUM. The company's primary strategies include the Global Concentrated strategy, Quality Dividend Income strategies (International, Global, and U.S.), and other strategies.

Executive Commentary on Q1 2024 Performance

We are pleased to present to you GQG Partners' quarterly results for FUM and net flows. Our FUM as at 31 March 2024 was US$143.4 billion with net flows during the quarter of US$4.6 billion. While we have demonstrated a solid start to 2024, net flows in the first quarter of any given year are influenced by seasonality and we caution against simple extrapolation. However, we believe our strong risk-adjusted returns over the long-term, in combination with our global, diversified distribution capabilities, position us well in the market. We expect continued business momentum in 2024 with a promising pipeline of potential new FUM. As in prior periods, we note that our management fees continue to comprise the vast majority of our net revenue. Our management team remains highly aligned with shareholders and clients, and acutely focused on and committed to GQG's future.

Summary of Q1 2024 FUM and net flows update

GQG Partners Inc. (ASX: $GQG) reported FUM of US$143.4 billion with net flows of US$4.6 billion in the first quarter of 2024. The company highlighted the influence of seasonality on net flows and emphasized its strong risk-adjusted returns over the long-term, along with global, diversified distribution capabilities positioning them well in the market. GQG Partners anticipates continued business momentum in 2024 with a promising pipeline of potential new FUM. The management fees continue to comprise the vast majority of the company's net revenue, reflecting the management team's alignment with shareholders and clients, and commitment to GQG's future.