ASX-listed GQG Partners extends losses as Morningstar sees future earnings falling

Morningstar

14/04/2026 04:55

** ASX shares of GQG Partners GQG.AX falls as much as 2.8% to A$1.72, lowest since March 31

** Stock fell 0.6% on Monday after investment management firm posted FUM of $162.5 bln as at 31 March, down from $172.9 bln as at February 28

** Net outflows at $1.2 billion in March and $8.6 billion in quarter ended March

** Morningstar expects underlying EPS to drop 8%/year from CY26-CY30

** Says co's exposure to listed equity space faces intense competition

** Adds performance continues to stay "challenged", cites prolonged FUM underperformance may lead to client loyalty waning

** Stock rated "hold" on avg; median PT is A$1.92, per data compiled by LSEG

** YTD, GQG falls 1.2%

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))