GQG Partners Inc (GQG) - Strong investment appeal

GQG Partners is a global boutique asset management company. It manages equity portfolios for investors, including insurance funds, pension/superannuation funds, sovereign wealth funds, ultra-high net worth investors, financial advisers, wealth management administration platforms, private banks, and other discretionary wealth managers. The company was founded in 2016 and is headquartered in Fort Lauderdale, Florida.

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The company’s September update showed group net fund inflows of US$2.2 billion ($3.3 billion) over the month, with an ongoing positive mix change due to wholesale inflows and institutional outflows. Group funds under management at 30 September, was US$161.6 billion, up 0.5% over the month and 3.9% over the quarter.

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Post the update, we have upgraded our earnings forecasts by3–6% given the better-than-expected net fund flows and to account for the anticipated increase in management fee margin as a result of the improvement in product mix.

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GQG’s investment appeal comprises undemanding valuation multiples, a solid growth outlook for earnings, a strong financial position, and excellent performance across its four key investment strategies.

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