ASX:GQGCapital Markets
Is Goldman’s Downgrade and Ongoing Outflows Altering The Investment Case For GQG Partners (ASX:GQG)?
Earlier in 2026, Goldman Sachs downgraded GQG Partners to Sell, highlighting persistent client redemptions since July 2025 and underperformance that it believes threaten the firm’s earnings outlook and client confidence.
At the same time, GQG’s use of equity-based incentives, including both new restricted stock units and lapsed performance awards, underscores management’s focus on aligning staff rewards with shareholder outcomes amid business pressures.
We’ll now examine how concerns over...