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Showing 91 - 100 of 1060 results for "FUM"

Outflows, M&A batter active managers

KARREN VERGARA  |  THURSDAY, 30 MAR 2023
... has ultimately led to redemptions. For many active managers, it equates to investors pulling out money, leading to a drop in FUM drops and profitability. During the bull market, some fund managers adopted a certain investment style, like growth and momentum ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... jeopardised members' best interests. It's understood that the fund had just 197 members and $7.6 million in funds under management (FUM) when it closed on 31 May 2022. After the closure of FairVine, promotors of three advised offers in the fund, which ...

Managed accounts achieve record inflows: IMAP

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
In the six months to 31 December 2022, funds under management (FUM) in managed accounts increased to reach a new high of $144.5 billion, according to the latest data by the Institute of Managed Account Professionals (IMAP) and Milliman. This is up 9.8% ...

Aware Super to boost investment capabilities with new platform

ANDREW MCKEAN  |  THURSDAY, 16 MAR 2023
... come up with strategies that are more internationally focused." Aware Super forecasts half of its funds under management (FUM) will be internally managed in the next four years.

Fixed interest ETP issuers hit the gas

CHLOE WALKER  |  THURSDAY, 16 MAR 2023
... the total market increased from 10% to 12%, in comparison with the overall market which lost 3% of funds under management (FUM) over the same period. Within fixed interest ETPs, the highest FUM increase occurred in the investment grade sector, with $1.3 ...

Active fund managers historically underperform: SPIVA

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... enough to shield it from market volatility, lower funds under management and net outflows. The prospects for Magellan's organic FUM growth remain good, Morningstar found, notably from investors seeking to diversify to international equities or gain access ...

Magellan sees more outflows

CHLOE WALKER  |  MONDAY, 6 MAR 2023
In February, the fund manager saw net outflows of $0.8 billion, reverting its funds under management (FUM) to $45.4 billion. The result was due to net retail outflows of $0.5 billion and net institutional outflows of $0.3 billion. By asset class, Magellan ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
... According to insights from Rainmaker Information, the self-managed super funds (SMSF) sector grew its funds under management (FUM) by 5.8% per annum over the last five years. However, this was slower than the 6.6% p.a. pace at which the rest of the superannuation ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... reserve capital in the first half of FY2023 and not pay a first half dividend." Clime further reported funds under management (FUM) and advice increased by 8% to $5.5 billion since 30 June 2022 and funds under advice (FUA) grew by $287 million or 7% ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... management division decreased $3.4 million to $34.8 million with its net revenues declining by $9 million due to a lower average FUM. The financial advice business finished positively, however. Underlying NPAT was up $6.4 million or 22.6%. This was driven ...