Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
GQG does not appear to be on your radar for the Income Portfolio. Is it worth looking at now that it is trading under $2.00 & the last FUM update was positive? Thanks
Hi Ian,
As you say their latest FUM update in May saw GQG increase Funds Under Management (FUM) from $163.6bn to $168.5bn. However, that’s only a 3% gain while the ASX200 advanced +3.8%. We remain neutral towards GQG around $2 preferring Magellan (MFG) in the fund manager space.
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