GQG Partners shares tank after FUM declined 3.4% in July
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More news: Shares in GQG Partners sharply declined shortly after market open on Friday after the fund manager reported a 3.4% decline in funds under management in July and warned that “negative net flows experienced in July could persist”.
At 10:08am AEST, shares in GQG had fallen 10.9% to $1.80. Year-to-date, GQG shares have fallen 12.6%.
GQG Partners posts 3.4% decline in FUM in July
The news: Fund manager GQG Partners has reported a 3.4% decline in funds under management (FUM) in July, recording a monthly outflow predominantly driven by a single institutional client.
The numbers: As at 31 July 2025, GQG had USD166.6 billion ($255.3 billion) in FUM which was lower than the USD172.4 billion reported at the end of June 2025.
GQG experienced a monthly outflow of USD1.4 billion over July, of which USD1 billion was attributable to a single institutional client. This puts net inflow in the year to date to USD6.7 billion.
Management fees, rather than performance fees, continued to comprise the “vast majority” of net revenue, the fund manager said.
The context: GQG said it remains “defensively positioned” and avoiding areas of “extreme valuation and frothiness — in our view not dissimilar to the extremes of the dotcom era”. This posture explains the fund’s continued underperformance, it said in a statement to the exchange.
It also warned that relative underperformance could act as a continued headwind, meaning “negative net flows experienced in July could persist”.
What they said: “We accept higher benchmark-relative volatility in the short term, as we believe our positioning will help us achieve better absolute and risk-adjusted returns for clients over the long run,” GQG said in a statement to the exchange.
The source: ASX
