Could GQG Partners Inc. be in trouble after heavy outflows?
Source: Kapitales Research
Highlights:
GQG Partners Inc. (ASX:GQG) reported US$2.4 billion in net outflows for November, pushing its share price down 2.7% at the time of writing.
Despite redemptions, the firm’s FUM rose to US$166.1 billion as of 30 November, up from US$163.7 billion in October.
Year-to-date net outflows reached US$1.8 billion, raising concerns over investor confidence and GQG’s ability to stabilise future flows.
Outflows mount — what’s behind the dip?
At the time of writing, GQG Partners has seen a notable blow: the firm reportedly incurred net outflows of US$2.4 billion for November, contributing to a year-to-date net outflow of US$1.8 billion. That pushed its share price down by about 2.7 per cent — a sharp reaction from markets.
FUM still up — but only slightly
On the bright side, the firm’s funds-under-management (FUM) stood at US$166.1 billion as of 30 November, up from US$163.7 billion at the end of October. So despite heavy redemptions in November, the overall AUM ticked up modestly — reflecting perhaps prior inflows or valuation effects.
Defensive strategy raises questions
This recent dip in investor confidence comes after several months of pressure. Earlier in 2025, GQG recorded US$1.7 billion outflows in September alone.The fund — known for active equity management — has defended its posture, arguing that its more conservative positioning helps protect portfolios against market volatility.
What it implies for investors
For clients and shareholders, November’s outflows may signal waning confidence in GQG’s ability to attract or retain assets — a concern given that the firm’s revenue depends heavily on management fees tied to AUM. Yet the slight uptick in FUM suggests that not all was lost, perhaps aided by other inflows or underlying portfolio appreciation.
What’s next?
Markets will now look for signs that GQG can stabilize flows — either by convincing clients to stay, attracting new money, or delivering stronger returns. Until then, the firm remains under pressure from cautious investors.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Could GQG Partners Inc. be in trouble after heavy outflows?
Highlights:
Outflows mount — what’s behind the dip?
At the time of writing, GQG Partners has seen a notable blow: the firm reportedly incurred net outflows of US$2.4 billion for November, contributing to a year-to-date net outflow of US$1.8 billion. That pushed its share price down by about 2.7 per cent — a sharp reaction from markets.
FUM still up — but only slightly
On the bright side, the firm’s funds-under-management (FUM) stood at US$166.1 billion as of 30 November, up from US$163.7 billion at the end of October. So despite heavy redemptions in November, the overall AUM ticked up modestly — reflecting perhaps prior inflows or valuation effects.
Defensive strategy raises questions
This recent dip in investor confidence comes after several months of pressure. Earlier in 2025, GQG recorded US$1.7 billion outflows in September alone. The fund — known for active equity management — has defended its posture, arguing that its more conservative positioning helps protect portfolios against market volatility.
What it implies for investors
For clients and shareholders, November’s outflows may signal waning confidence in GQG’s ability to attract or retain assets — a concern given that the firm’s revenue depends heavily on management fees tied to AUM. Yet the slight uptick in FUM suggests that not all was lost, perhaps aided by other inflows or underlying portfolio appreciation.
What’s next?
Markets will now look for signs that GQG can stabilize flows — either by convincing clients to stay, attracting new money, or delivering stronger returns. Until then, the firm remains under pressure from cautious investors.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au