Hi All
There is an interesting article in the AFR today on the Managed Fund Industry. I have taken some of the GQG relevant bits out.
The first paragraph of the first GQG section shows how GQG fees are super competitive against even passive ETF's. Active Managed Funds globally are taking and continue to be hit if they are high fee for service and do not perform.
When GQG started in 2016, Rajiv Jain set out to charge low ongoing fees to compete with Passive Index Funds. Following chart is the result:
This chart speaks for itself, outflows with ASX listed Fund Managers featuring in global top 10:
Overall, I was surprised not to see Pinnacle in the article. Their boutiques have $80B in FUM (PNI ownership of FUM is approximately $30B) and money is still flowing in.
It would have been good to see inflows of GQG compared to a business that started up at roughly the same time, a company called ARK funds (https://ark-funds.com/). ARK FUM was trending close to GQG when they started out, but have fallen away to approximately $USD13B now. Shows the value of an Active Fund Manager that is competing against Passive Index Funds.
Interested in others thoughts.
Best of Luck
Lost
The Year Funds Management ate itself - the GQG bits (AFR - 22/12/22)
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