GQG Partners posts 3% FUM growth as inflows hit $2.2b

The news: Fund manager GQG Partners reported a 3% rise in funds under management (FUM) in May, and recorded monthly net inflows of USD1.4 billion ($2.2 billion)

The numbers: FUM increased from USD163.6 billion to USD168.5 billion during the month, as year-to-date net inflows reached USD7.4 billion.

Each of GQG's funds saw FUM growth, with international equity up 4.4% to USD68.3 billion, global equity up 1.8% to USD40.6 billion, emerging markets equity up 2.6% to USD40.2 billion and US equity up 1.6% to USD19.4 billion.

The context: The Florida-headquartered investment house has reported consecutive increases in FUM every month since outlining outflows of USD200 million in December, in the wake of US government bribery charges against its key portfolio holding Adani Group.