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