GQG Partners FUM falls 2.2% in May quarter
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The news: GQG Partners’ funds under management (FUM) fell by 2.2% in the May quarter and was down 0.4% in the year to date to USD163.3 billion ($232.56 billion).
The numbers: The fund manager saw net outflows of USD1.9 billion during the quarter and negative investment performance of USD1.7 billion. Both figures were negative across GQG’s four strategies: international, emerging, global and US.
Compared to FUM at 31 December 2025, GQG has seen net outflows of USD11.9 billion and positive investment performance of USD11.3 billion.
The context: GQG has recently been facing billions of dollars in net outflows in recent months, including a USD3.3 billion in December, USD5.9 billion in January and USD3.2 billion in February.
At the end of 2025 the fund said the “relative underperformance across” its strategies compared to benchmarks over the year was due to “defensive positioning through year-end”. This includes an aversion to investing in AI-related stocks.
The source: ASX
