Financial analysts at Morningstar have raised their fair value estimate on fund manager GQG Partners (ASX:GQG) to A$2 per share, up from A$1.90 per share.

They have stated that GQG’s mid-year results exceeded their expectations, attributing this performance to the company’s efficient management of growth in operating expenses.

They project that GQG will continue to draw more net inflows over time.

In light of these developments, the analysts have reported that GQG saw net inflows of $6.2 billion during the first half of the year, an impressive figure given investors' cautious approach to risk assets.

As of the last closure, GQG’s stock has risen by 7.5% this year.

GQG Partners (ASX:GQG) is a fund management company.