PAC pacific current group limited

Hi AllSee recent artcile, GQG has grown FUM to $USD26.5 Billion....

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    Hi All

    See recent artcile, GQG has grown FUM to $USD26.5 Billion. Here it is:
    https://www.barrons.com/articles/china-trade-talks-fail-to-impress-wall-street-51570840094

    $AUD 35.708 Billion Recent FUM 30/06/2019
    $USD 25.078 Billion converted FUM at AUD/USD rate of 0.7023

    $USD 26.500 Billion artcile FUM - assume 30/09/2019
    $AUD 38.999 Billion converted FUM at AUD/USD rate of 0.6795

    Before working out the percentages, keep in mind Magellan has FUM growth for the last quarter of 6.17% in AUD terms.
    SEP FUM = $92.072 Billion
    JUN FUM = $86.718 Billion
    ($92.072 Billion - $86.718 Billion) / $86.718 Billion
    $5.354 Billion / $86.718 Billion = 6.17%

    GQG growth in AUD/USD terms has grown 9.22%.
    ($38.999 Billion - $35.708 Billion) / $35.708 Billion
    $3.291 Billion / $35.708 Billion = 9.22%

    Growth in FUM greater than MFG's 6.1% is early evidence of good things to come financially (just like last financial year).

    I know there are other funds to report FUM this quarter, but GQG FUM growth is a great start.

    Best of Luck
    Lost
 
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