Highlights

  • Total funds under management increased to USD 166.1bn despite monthly net outflows.
  • International Equity remained largest strategy, posting USD 71.4bn in managed assets.
  • November net outflows totaled USD 2.4bn, while year-to-date flows remained negative.

GQG Partners (ASX:GQG) reported funds under management (FUM) of USD 166.1 billion as at 30 November 2025, compared with USD 163.7 billion at the end of October 2025. The reported increase in total FUM occurred alongside net outflows of USD 2.4 billion during the month, as asset values rose due to market movements.

The FUM figures include both discretionary and non-discretionary mandates, as well as fee-paying and non-fee-paying assets. Amounts are rounded to the nearest USD 0.1 billion and remain unaudited.

International Equity: Largest Strategy
International Equity continued to represent the firm’s largest asset base, with FUM rising to USD 71.4 billion from USD 70.1 billion in October. Despite the increase in total assets, the strategy recorded monthly net outflows of USD 1.0 billion. On a year-to-date basis, International Equity posted net inflows of USD 2.7 billion, marking the only major strategy still showing positive flows for the period.

Global and Emerging Markets Overview
Global Equity assets increased to USD 37.8 billion from USD 36.5 billion in the prior month. The strategy, however, experienced net outflows of USD 0.4 billion in November, bringing year-to-date net outflows to USD 1.2 billion.

Emerging Markets Equity FUM edged lower to USD 41.3 billion, compared with USD 41.7 billion at the end of October. The strategy recorded monthly net outflows of USD 0.6 billion and year-to-date net outflows of USD 2.8 billion, the highest among GQG’s reported equity categories.

U.S. Equity Snapshot
U.S. Equity FUM increased marginally to USD 15.6 billion, up from USD 15.4 billion in October. The strategy saw net outflows of USD 0.5 billion in November, with year-to-date net flows also negative at USD 0.5 billion.

Scope and Reporting Notes
The update excludes activity related to GQG Private Capital Solutions. All reported FUM is managed or advised by GQG Partners LLC, a wholly owned subsidiary of GQG Partners Inc., which is listed on the Australian Securities Exchange. Figures may include estimates and may not reconcile precisely due to rounding conventions.

Share Price Snapshot
GQG was trading at AUD 1.775 per share as of 10 December 2025.