GQG Partners experienced net inflows of US$3.4 billion during March, boosting its funds under management to US$92.9 billion.
In an ASX listing on Thursday, GQG positive net flows were clocked across multiple geographies and channels, but notably in the Australian and Canadian retail markets.
“We’re seeing particularly strong interest in our global equity strategy in the Australian market as a result of the strategy’s consistent outperformance since inception, as well as its ability to offer downside protection for investors, as evidenced during March 2020 and the more recent the sell-off over the first quarter of 2022,” said Laird Abernethy, managing director Australia and New Zealand for GQG Partners.
Combined with the September and December quarter net flows, GQG’s March result brought its inflows to US$9.6 billion for the first nine months.
Broken down, GQG’s FUM is currently made up of US$32.6 billion in international equities, US$29.3 billion in global equities, US$24.9 billion in emerging markets equities and US$6.1 billion in US equities.
In the full year which ended 31 December, GQG Partners reported net inflows of US$17.1 billion, sending funds under management up 36.1 per cent to US$91.2 billion.
Net revenue increased 74.9 per cent to US$397.9 million.
The firm listed on the ASX in October after an oversubscribed IPO.
GQG raised $1.19 billion in its IPO giving the firm an implied value of nearly $6 billion.
“This is an important step towards the vision we laid out when founding the company, of building an investment-led culture, and an institution that can outlive its founders,” GQG Partners CEO Tim Carver said at the time.
“Since our inception five years ago, this experience has outstripped anything we could have imagined. I am so proud of the efforts of our team, the quality of their work and the support of our clients.”
CIO Rajiv Jain established GQG Partners in June 2016 before expanding the company into Australia in 2018.
Eight new partners were promoted to the firm back in June last year, bringing the total number of partners to 17.
