2355 GMT - Fund manager GQG Partners loses a bull in Morgan Stanley, which cites risks to its flows over the next 12-18 months. GQG had six consecutive months of net outflows totaling US$12 billion in 2H of 2025. "Our tracking at Feb. 3 indicates majority of strategies remain below benchmarks on a 3-year and 5-year basis," says analyst Andrei Stadnik. "Given this, we think outflows will persist in the near term." MS downgrades GQG to equal-weight, from overweight, and lowers its price target by 34% to A$1.75/share. Its earnings forecasts fall 7% and 14% for FY 2026 and FY 2027, respectively. "Despite offering value at 8x FY 2026 price-to-earnings, we see few positive catalysts near term," MS says. GQG is down 2.7% at A$1.65. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 08, 2026 18:55 ET (23:55 GMT)

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