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Showing 121 - 130 of 8344 results for "ASX"

Three actively managed funds shutter

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... to 110 local equities, is shuttering after 14 years. It returned 11.6% in the year to June 2023 and aimed to beat the S&P/ASX 300 Accumulation Index. Total returns since inception stood at 7.9% as at September. The fund's responsible entity Australian ...

Renato Mota to leave Insignia Financial

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
After two decades with the business, Insignia Financial chief executive Renato Mota will exit in February 2024. In an ASX announcement, Insignia said the decision was a mutual agreement between the business and Mota. It has already commenced the search ...

Netwealth to distribute private markets offering

ANDREW MCKEAN  |  THURSDAY, 19 OCT 2023
... them achieve their clients' investment objectives." Today, Netwealth also disclosed its quarterly business update to the ASX, revealing a large increase in funds under administration (FUA) from $1.7 billion for the September quarter, despite a negative ...

Magellan mulls converting closed-end fund

KARREN VERGARA  |  TUESDAY, 17 OCT 2023
... regulatory approvals," Magellan's board said. Magellan Global Fund has two-unit classes - the open-end MGOC trading on the ASX and MGF. At the end of June, the fund had total net assets of $9.8 billion comprising $7 billion in MGOC and $2.8 billion ...

Selfwealth ditches Stake takeover bid

KARREN VERGARA  |  MONDAY, 16 OCT 2023
Selfwealth has rejected a takeover proposal from competitor trading platform Stake and its offer of 17.5c per share. The ASX-listed trading platform said that after careful assessment, "Stake's incomplete and conditional proposal did not offer appropriate ...

Forager to delist Aussie LIT

KARREN VERGARA  |  MONDAY, 16 OCT 2023
... Launched in 2009, FOR targets undervalued Australian shares, specialising in "small, unusual opportunities". It listed on the ASX in 2016. In the three months to September, FOR fully exited stakes in Qantas and Seven Group. Its top five holdings are ...

Industrials company launches asset management arm

ANDREW MCKEAN  |  FRIDAY, 13 OCT 2023
... subsidiary, targeting investments in water resources, infrastructure assets, and related ownership and tolling opportunities. The ASX-listed industrial company today said that Vysarn Asset Management (VAM) will continue its current strategy to create ...

Link shakes up board, names super industry veteran

KARREN VERGARA  |  FRIDAY, 13 OCT 2023
... superannuation industry veteran to refresh the line-up to reflect massive changes to its business model. Mark Lennon joins the ASX-listed firm as an independent non-executive director. Lennon is a former board member of EISS Super from October 2021 until ...

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
... (FUM) has continued to nosedive, following the fund manager registering $2 billion in net outflows. At September end, the ASX-listed company's FUM stood at $35 billion, consisting of $16.2 billion from the retail segment and $18.8 billion from the institutional ...

Smart beta 'taking over' active management share: VanEck

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... low fees," Neiron said. "Active managers can no longer afford to ignore the popularity or the features of smart beta ETFs." ASX data indicates that despite growth in the number of active ETFs - from six in 2015 to 90 today - net flows into these active ...