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Showing 61 - 70 of 1060 results for "FUM"

Earnings, profits down at Charter Hall

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... Hall managing director and group chief executive David Harrison said despite challenging conditions, FY23 maintained group FUM despite downward valuations driven by rising interest rates. "Property FUM grew $6.2 billion to $71.0 billion, and our operating ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... under management almost halved to $48.8 billion as outflows continued across the retail and institutional channels. Total FUM reached as high as $103.7 billion in June 2021. Retail FUM ended the period with $18.4 billion, down 17%. But it was the institutional ...

GQG hits $104.1bn on back of inflows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
GQG Partners' funds under management (FUM) has surged to $104.1 billion as of June 30, reflecting 20.1% growth year on year. In an ASX announcement, GQG attributed FUM growth to $6.2 billion of net inflows and strides in the global equity markets. The ...

Magellan reverts to old leadership model

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
... challenges over the recent past, we have kept a talented team together, improved investment structures and begun to stabilise FUM. There is more work to do, and the board remains focused on improving shareholder outcomes as we enter a new phase for Magellan," ...

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... institutional investor brings the size of the fund to $1.95 billion, and Qualitas' total committed funds under management (FUM) to about $6.8 billion. Qualitas' FUM has increased by 12% since May and 59% since June 30 last year. Qualitas group managing ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
Fiducian is betting on the independent financial adviser (IFA) market and its South Australian presence to bolster its inflows as it sets an ambitious plan to exceed its performance reported in the 2023 financial year. The ASX-listed group's latest ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... modest inflows and funds under management growth in the 2023 financial year. The ASX-listed firm, with its 15 affiliates, saw FUM of $91.9 billion increase 10% annually. Net inflows in Australia for FY23 totalled $1.5 billion thanks to money going into ...

Insignia offloads investment bonds unit

KARREN VERGARA  |  MONDAY, 24 JUL 2023
... The life and superannuation unit offers investment bonds, funeral bonds, and education savings plans. It had $2.3 billion in FUM as at 30 June 2022.

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
... over a seven-year period. The MySuper 1970s lifecycle option represents the largest allocation of funds under management (FUM) within the AMP suite of superannuation offerings ($6.3 billion). AMP chief investment officer Anna Shelley said: "Delivering ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
In the year to March end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year ...