Shares of GQG Partners (ASX:GQG), an Australia-based company, soared by as much as 6.9% to A$2.330, the highest since February 16.

The company recorded its greatest intraday percentage elevation since the middle of February 2020.

The U.S.-based asset manager announced that the total funds under management as of February 29 were $137.5 billion, a substantial increase from $127.0 billion at the end of January.

Until the last close, the firm’s stock had climbed 27.9% YTD.

GQG Partners is an asset management company that specializes in offering investment solutions to institutions, individuals, and advisors worldwide.