Ann: 2023 Full Year Results - Investor Presentation, page-5

Impressive flows continue for GQG ASX Stock, totaling $2.9 billion for January and part of February!

I find myself regretting trimming my position by half last week, given its still fairly undervalued status on a forward P/E basis, currently around 12.7x, especially when compared to the ASX 200, which sits at approximately 22x.Despite the hesitation induced by the performance of the ASX darling Magellan Financial Group (MFG), I believe investors are missing out on the stellar performance and consistent net flows (and funds generally outperforming the MSCI) that GQG has been demonstrating month after month. It's a shame that the success of one company seems to be casting a shadow on others in the active money management space.

If global equities can consolidate here and rates don't stay higher for longer as hoped for then IMHO I don't see why GQG won't be passing $3 per share. If not, I am sure 2024 will continue to have volatility and I will be looking for any significant pull backs to increase my GQG holdings again.

GLTAH!