Yes agree - Rajiv’s reputation and runs on the board will carry underperformance for a while but not for years and years.
But today’s result will surely surprise the market on the upside. Continuing net inflows - albeit at a modest and steady rate (but that’s been the case for a while see below) with a surprisingly good return on funds leading to overall FUM increase of $4.9b - in marking the stock down to $2.12 I don't think the market was anticipating an update quite as bright as this.
Net inflows
Jan $1.7b Feb $1.1b March $1.8b April $1.4b May $1.4b
GQG Price at posting:
$2.12 Sentiment: Hold Disclosure: Held
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