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GQG Partners-CDI (GQG) $1.385

GQG might not be known to all subscribers but it’s a $4bn global boutique asset management firm that focuses on actively managed portfolios, the stock was one of the largest floats on the ASX in 2021 which so far has drifted lower in unison with the market and sector. From a value perspective, they sit in the middle with an Est P/E of 10.2x for 2022 earnings, on a yield perspective it pays dividends quarterly and is currently on track to pay around 3.7% pa.

We believe GQG are good managers with a very sensible fee structure who will shine over time but like the whole sector, we wouldn’t be getting too excited until we feel the market has bottomed out.

GQG
MM likes GQG around $1.20
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GQG Partners-CDI (GQG)
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