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)
Net inflows $5.4b which is impressive but FUM flows are a lag...
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Last
$2.71 |
Change
0.080(3.04%) |
Mkt cap ! $8.003B | |||
| Open | High | Low | Value | Volume |
| $2.68 | $2.73 | $2.67 | $3.812M | 1.411M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11086 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 12646 | 5 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$2.72 |
Change
0.080 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| $2.68 | $2.73 | $2.67 | 304833 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| GQG (ASX) Chart |