@Noddy74 i think that hits the nail on the head there, also assisted by the implosion of the others especially Magellan. Not sure they will repeat the increase in FUM given so many in the space now - they were helped by advisers given you can access the fund through as many avenues as magellan - active etf and on every investment platform.

Having reviewed the GQG fund i think it’s an all star fund manager and that i can only imagine it will be a time when Rajiv does get it wrong and faces some heat. Pivoting 35% of the fund into gas/oil/coal within a month for what was meant to be a ‘quality GARP’ fund was masterful at the start of 2022 - something many of the competitors with that style would never do - also make you wonder about what the strategy actually is too.

The increased FUM though now should see that nice operating leverage. Wonder how Pinnacle i’ll go now that hyperion (was the bull of FUM) is also struggling.