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Highlights
Macquarie Research analyst Tim Lawson assigned an Outperform rating to GQG Partners (ASX: GQG).
Target price set at AUD 2.64, representing a potential 47.9% upside from current levels.
Macquarie Research has reaffirmed its positive stance on GQG Partners Inc. (ASX:GQG), assigning an “Outperform” rating with a target price of AUD 2.64. The recommendation, published by analyst Tim Lawson, CFA, indicates conviction in the company’s long-term growth trajectory, despite recent volatility in fund flows and market performance.
At the current market price of AUD 1.77, Lawson’s target implies a 47.9% upside, reflecting expectations of recovery in assets under management (AUM) growth, stable revenue from management fees, and the company’s disciplined investment approach.
Fund Flows and Performance Update
As of 31 July 2025, GQG reported total funds under management (FUM) of USD 166.6 billion, down from USD 172.4 billion in June 2025. The company recorded net outflows of USD 1.4 billion for the month, largely driven by a single institutional client withdrawal of USD 1.0 billion.
Breaking down by asset class:
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International Equity: USD 68.6 billion (down from USD 69.7 billion)
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Global Equity: USD 38.6 billion (down from USD 41.1 billion)
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Emerging Markets Equity: USD 40.6 billion (down from USD 41.7 billion)
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U.S. Equity: US$18.8 billion (down from US$19.9 billion)
Year-to-date, GQG still maintained a positive net inflow of USD 6.7 billion, supported by ongoing client demand across multiple strategies.
About GQG
GQG is a specialist investment management firm focused on global and emerging market equity portfolios, serving institutions, advisors, and individual investors worldwide. It operates as a wholly owned subsidiary of GQG Partners Inc., a majority employee-owned company listed on the Australian Securities Exchange (ASX:GQG).
Based in Fort Lauderdale, Florida, and supported by offices across key international markets, the firm is committed to delivering excellence through independent thinking, continuous development, cultural integrity, and deep market expertise.
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