GQG outflows worsen, ousted from ASX200

GQG Partners' continued slump in performance continues as net outflows for funds under management (FUM) stood at US$4.3 billion in August alone, and worse, the firm has been bumped out of the ASX200 index.

Investment performance during the month also underperformed, providing negative returns over the period.

The international and emerging markets strategies reported outflows of US$1.5 billion and US$1 billion respectively.

FUM as at August 31 was US$149.2 billion, a US$7.2 billion decrease from July end and a reduction of US$12.7 billion since 31 December 2025.

The slump ultimately saw the business exiting the top 200 companies on the ASX, a verdict handed down by S&P Dow Jones Indices following a September quarterly review.

Meanwhile, Count Financial and Euroz Hartleys Group were among the latest members to join the All Ordinaries index, accounting for some 500 top companies on the exchange.

Count continues to expand its nationwide presence following its acquisition of Oracle Advisory Group in April.

But the group shut down its limited-advice service in June, losing some 26 advisers and has slipped in dealer group size ranking as a result of it.

Separately, Euroz Hartleys recently redeemed $145 million from its capital markets business sale, a move the firm said allows it to better focus on its private wealth division.

The transaction is likely to be completed by the end of 2026. Both Euroz Hartleys executive chair Andrew McKenzie and managing director Tim Bunney will transition to the capital markets business under Canada's BMO following the transaction.

A search for a new chief executive is also underway.