GQG Partners FUM falls $3.3b amid net outflow surge
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The news: Investment management firm GQG Partners’ funds under management (FUM) fell by USD2.2 billion ($3.3 billion) over December as net outflows for the year more than doubled over the period.
The numbers: As at 31 December 2025, GQG FUM fell to USD163.9 billion from USD166.1 billion at the end of November. However, it finished the year with a higher FUM than the USD153 billion as at the end of December 2024 as investment performance offset net outflows.
Net outflows for the month hit USD2.1 billion, which put net outflows for the year at USD3.9 billion.
Investment performance over the month resulted in a USD100 million loss although net investment performance for the year was a USD14.8 billion gain.
The context: GQG Partners said it experienced “relative underperformance across all our strategies for the year versus our benchmarks” due to maintenance of its “defensive positioning through year-end”.
The investment management firm said its strategy was intended to “protect client assets from what we perceive as extended valuations, deteriorating fundamentals, and macroeconomic uncertainty”.
It also flagged that management fees rather than performance fees make up the majority of its net revenue.
The source: ASX
