GQG Partners faces investor outflows despite strong fund performance

GQG Partners, a global equity manager, experienced over $4.5 billion in investor withdrawals in July, contributing to $28 billion in year-to-date outflows. Despite these withdrawals, the firm's flagship Global Equity Fund returned 1.1 per cent, outperforming the MSCI All-Country World Index ex-Tobacco, which rose 0.1 per cent.

Investment chief Rajiv Jain, who has been critical of the artificial intelligence trade, saw his firm benefit from a technology stock sell-off that impacted competitors. The Emerging Markets Equity Fund gained 3.3 per cent, significantly outpacing the MSCI Emerging Markets ex-Tobacco Index, which fell 3.1 per cent.

Strong performance helped grow the firm's funds under management by $400 million to $156.4 billion last month, though this remains below the $163.9 billion recorded at the start of the year. GQG shares have fallen 19 per cent this year.