GQG Partners FUM Flat at US$149.2bn in September

GQG Partners (ASX:GQG) released its monthly funds under management update, showing FUM held flat in September as positive investment performance offset continued net outflows across its four primary strategies.

FUM was US$149.2 billion at 30 September 2026, unchanged from 31 August. September net outflows were US$2.3 billion, offset by US$2.4 billion of positive investment performance. By strategy, International ended at US$69.0 billion, Emerging at US$34.2 billion, Global at US$34.2 billion and US at US$11.9 billion, with net outflows in each. For the quarter to 30 September, GQG recorded net outflows of US$11.1 billion and positive investment performance of US$4.4 billion. Year to date, FUM has fallen from US$163.9 billion at 31 December 2025, on net outflows of US$26.2 billion and investment performance of US$11.6 billion. The company says its four primary strategies delivered positive absolute and relative returns in September and the third quarter following portfolio repositioning, and states that fees on the substantial majority of FUM are not performance fees.

All figures are unaudited and may include estimates. The release gives no revenue or fee rate figures, does not say when outflows may slow, and excludes GQG Private Capital Solutions activity.