GQG FUM fell $610m in September
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More news: Shares in GQG Partners fell in afternoon trade after the fund manager said its funds under management fell USD400 million ($610.2 million) as net outflows hit USD1.7 billion over September.
At 2:33pm AEDT, shares in GQG Partners slipped 0.8% to $1.59. The wider financials sector was up 0.41%.
GQG FUM fell $610m in September
The news: GQG Partners has seen its funds under management fall USD400 million ($610.2 million) as net outflows hit USD1.7 billion over September.
The numbers: GQG's FUM fell 0.24% as at the end of September compared to the end of August. Net outflows for September hit USD1.7 billion while for the quarter it was at USD4.8 billion.
However, GQG flagged that net inflows in the year to 30 September was USD167.2 million.
The context: Management fees, rather than performance fees, make up the bulk of GQG’s net revenue as in previous periods.
GQG said that its “sustained defensive position” in its investment strategies led to relative underperformance in September and the third quarter of 2025.
The fund manager said that it continues to review its positioning daily, with data “consistently indicating both extended valuations in important parts of the market and an uncertain macro environment”.
What they said: “As stewards of capital, we continue to believe that our portfolios are well-positioned to help protect client assets in the event of significant volatility,” GQG told the exchange.
The source: ASX
