GQG 1.83% $2.78 gqg partners inc.

Funds managementListed funds managers have been belted over the...

  1. 1,113 Posts.
    lightbulb Created with Sketch. 150
    Funds management
    Listed funds managers have been belted over the past 12 months in a jittery market.

    They face cyclical threats from a volatile equities market, fund underperformance and funds outflow. Magellan Financial Group and Platinum Asset Management have slumped.

    There are structural threats as more capital deserts actively managed funds for ETFs, and fee pressure builds.

    Pohl favours GQG Partners, a US-based asset manager that listed on ASX in
    October 2021 at $2 a share. It has US$104 billion in funds under management.

    GQG has fallen to $1.58, even though it attracted another US$1.2 billion of funds in the June quarter.

    “The biggest challenge today in funds management is getting funds
    through the door,” says Pohl.

    “GQC clearly has an excellent distribution model and has been able to turn strong fund performance into consistent funds inflow and earnings
    growth.”

    Pohl says GQG is another of his firm’s top-five holdings.

    “GQG is a high-quality business and has an attractive valuation at the current price.

    “The market is bearish on funds management stocks and GQG does not attract a lot of research coverage as it is not in any of the major indices and has only been listed a couple of years. That creates the opportunity.”

    GQG trades on a forward P/E multiple of just under 10 times for FY24. The forward dividend yield is about 6 per cent.

    The main risk is that underperformance in some GQG investment strategies over one year continues, prompting funds outflows
 
watchlist Created with Sketch. Add GQG (ASX) to my watchlist
(20min delay)
Last
$2.78
Change
0.050(1.83%)
Mkt cap ! $8.210B
Open High Low Value Volume
$2.76 $2.79 $2.72 $4.523M 1.637M

Buyers (Bids)

No. Vol. Price($)
2 8138 $2.77
 

Sellers (Offers)

Price($) Vol. No.
$2.78 95793 2
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
GQG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.