Still difficult to see the limits of GQG potential. Of course, their earnings still depend on stock market growth. But the company's profile is also changing. If I am not wrong, historically, Rajiv Jain's performance was mainly due to its ability to outperform when the market was weak and it was doing more or less like the market when the market was strong. The last 6 months has shown a new ability to also largely outperform when the stock market is strong.
Unlike other industries, it is difficult to identify elements to show that GQG funds will perform on a regular basis, but it has so many skills (cf post above) and such a track record that give more and more confidence in their ability to regularly outperform. Also interesting to see their acquisition of some boutiques of Pacific Group, which shows that they become less dependant on just 1 strategy : long only.
