Net inflows $5.4b which is impressive but FUM flows are a lag indicator.
While net inflows were $5.4b the shift in GQGs FUM balance (from $94.5b to $98.6b) was only $4.1b …..ie negative returns for the month - that’s why the market isn’t impressed.
Interestingly ASX basket case MFG was the opposite :
Net outflows $2.4b
Shift in FUM balance $43.2b only down to $42.7b
ie positive returns on the month
That explains the relative performance of their respective share prices today (MFG sp up strongly since it’s FUM update last week despite more net outflows)
Ann: FUM as at 30 April 2023, page-4
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Last
$2.90 |
Change
0.050(1.75%) |
Mkt cap ! $8.564B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.95 | $2.83 | $5.675M | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4761 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 4761 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| GQG (ASX) Chart |