The GQG Partners (ASX: GQG) share price is in focus after the fund manager reported total funds under management (FUM) of US$166.1 billion as at 30 November 2025. Net flows for the month were negative, with a combined outflow of US$2.4 billion across its main strategies.
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What did GQG Partners report?
- Total FUM at 30 November 2025: US$166.1 billion (up from US$163.7 billion at 31 October 2025)
- Monthly net outflows: US$2.4 billion
- Year-to-date net outflows: US$1.8 billion
- International Equity FUM: US$71.4 billion
- Global Equity FUM: US$37.8 billion
- Emerging Markets Equity FUM: US$41.3 billion
- US Equity FUM: US$15.6 billion
What else do investors need to know?
GQG Partners saw outflows across all major categories during November, though the overall FUM still grew month-on-month thanks to market movements. The International Equity strategy saw the largest FUM, growing slightly from the previous month, but experienced a monthly net outflow of US$1.0 billion.
The company noted that its Private Capital Solutions activity is not included in this update. FUM figures include both fee-paying and non-fee-paying funds and are rounded to the nearest US$100 million.
What's next for GQG Partners?
Looking ahead, GQG Partners will likely remain focused on retaining client assets and stabilising net flows, while navigating evolving market conditions. Investors may watch for future updates on flows and any insight into product strategy or geographic diversification.
With FUM levels holding firm despite outflows, attention will turn to any further changes in investor sentiment or the firm's approach to attracting new clients.
GQG Partners share price snapshot
Over the past 12 months, GQG Partners shares have fallen 21%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen around 2% over the same period.
