“Who says funds management is dead!”
I don’t know where your enthusiasm comes from.
It might not be dead but it’s in pretty poor health.
I follow this stock because I think it’s the best of the fund managers. It’s done little wrong. It has got in and out of sectors and got the timing pretty right. It has low fees…. it has grown its FUM impressively…..yet the stock price just can’t get going because the market continues to give fund managers across the board a big thumbs down.
More of the same yesterday - GQGs update got a tepid response - though given the roaring January stockmarkets the FUM jump from $88b to $92b was really just due to stock prices rising with the market - inflows can’t have amounted to much - that didn’t impress the market - even taking account of the ‘January factor’
In this game its all about FUM inflows/outflows - that’s what drives pricing on these stocks and given further declines in the sp today the market appears troubled by yesterdays update.
Ann: FUM as at 31 January 2023, page-6
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Last
$2.85 |
Change
0.130(4.78%) |
Mkt cap ! $8.417B | |||
| Open | High | Low | Value | Volume |
| $2.75 | $2.87 | $2.75 | $15.37M | 5.456M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 19033 | 6 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| GQG (ASX) Chart |