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Update: GQG Partners' Funds Under Management Fall in August; Shares Hit Record Low

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(Updates to add stock movement in the headline and the last paragraph)

GQG Partners (ASX:GQG) said its funds under management (FUM) stood at $149.2 billion as of Aug. 31, according to a Friday filing with the Australian bourse.

The company had reported FUM of $167.6 billion at the close of August 2025, according to an earlier filing.

In August, international equity FUM decreased to $68.6 billion from $70.3 billion a year earlier, while global equity FUM fell to $34.4 billion from $39.1 billion.

Emerging-market equity FUM fell to $34.1 billion from $40.4 billion year over year, and US equity FUM declined to $12.1 billion from $17.8 billion.

The company's shares fell nearly 9% in recent Friday trade, hitting a record low.

What else is happening in Asia?

Asia

Cheng Loong Clarifies Report Projecting September Revenue

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TPE:1904
Asia

Parkson Retail Renews Department Store Lease

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KLSE:PARKSON
Asia

South Korea to Implement Structural Reforms to Aid Economic Recovery

South Korea plans to put in place measures that boost economic recovery and growth through structural reforms, Deputy Prime Minister Koo Yun-cheol said at the Economic Relations Ministers' Meeting on Wednesday.Koo noted that nominal gross domestic product rose 26.4% in the second quarter on an on-year basis, which was the fastest growth in 47 years, while employment increased by 184,000 in August.Koo expects that it'll be faster to achieve a per capita gross national income of $40,000, it said.The government plans to announce steel industry upgrade measures in the fourth quarter, focusing on AI-driven manufacturing, high-value-added specialty steel and hydrogen-based steelmaking. The country will also ease regulations on Knowledge Industry Centers, including allowing broader tenant eligibility and converting vacant units into public rental housing, the filing said.Authorities plan to carry out intensive inspections targeting fraudulent activities, such as manipulating export figures to secure new stock listings, policy-based financial support, or government subsidies; passing off low-cost imports as domestic products; and making fraudulent deliveries in public procurement, it said.

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