Net inflow of 3 bn USD for the first 2 months of 2023. This is to compare with less than 1 bn for the last 2 quarters of 2022 (calendar year). cf @Plague table in the thread "FY 22 results". So, this level of net inflow corresponds to the level of 1 bn+ per month they had at the time of their IPO.
Looking at total growth of FUM in Feb 23 vs Dec 22 : increase of 3.2 % in USD and (3.6 % in AUD). Growth (in AUD) : - fully explained by net inflows, - absolute performance (in USD) : - 0.2 % (excluding net inflows), - fx impact : + 0.3 %.
So net inflows are not related to short term performance (S&P 500 has increased by 3.4 % between end Dec 22 and end Feb 23), but to the good past track record (including in calendar year 2022).
GQG Price at posting:
$1.45 Sentiment: None Disclosure: Not Held
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