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Showing 81 - 90 of 1060 results for "FUM"

CareSuper, Spirit Super charge ahead with $50bn merger

ANDREW MCKEAN  |  FRIDAY, 2 JUN 2023
... to merge, set to finalise by late 2024. The combined superannuation entity will have $50 billion in funds under management (FUM) and serve over 500,000 members. Last year, former CareSuper chief executive Julie Lander revealed plans to consider merger ...

Hostplus surpasses $100bn in FUM

CHLOE WALKER  |  WEDNESDAY, 17 MAY 2023
... combination of mergers and strong member growth. According to APRA data, as of June 2022 the fund had about $82.5 billion in FUM. Less than 12 months later, it has tipped over $100 billion, held on behalf of 1.7 million members. Hostplus chief executive ...

More misfortune for Magellan

CHLOE WALKER  |  THURSDAY, 4 MAY 2023
Once again, Magellan Financial Group has experienced a drop in its total funds under management (FUM), falling a further $0.5 billion. It saw net outflows of $2.4 billion, comprising net retail outflows of $0.4 billion and net institutional outflows ...

Future Fund trumps market averages

ANDREW MCKEAN  |  FRIDAY, 28 APR 2023
... seeking opportunities to generate long-term returns," he added. Of note, as of March 31, the total funds under management (FUM) reached $250.5 billion.

Clime outlines growth focus, wins mandate

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... increase in profits, Clime's IMAs dropped 2.3% from $526 million to $514 million, as well as its managed funds and mandates FUM falling 1.5% from $260 million to $256 million. A similar loss was experienced last year, as Clime's statutory net profit ...

Challenger reports strong retail annuity sales

ANDREW MCKEAN  |  THURSDAY, 20 APR 2023
... we remain very disciplined on institutional term annuity pricing," he said. Challenger's total funds under management (FUM) increased 3% during the quarter, totalling $96 billion. This growth was primarily driven by Fidante and positive market movements. ...

AMP wealth management AUM grows $2bn

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... funds flows remained flat due to ongoing "caution around market volatility," Australian Ethical's funds under management (FUM) benefited from strong investment performance, gaining $290 million during the quarter. As of 31 March 2023, FUM reached $8.77 ...

Brookvine folds into ASX-listed multi-boutique

KARREN VERGARA  |  FRIDAY, 14 APR 2023
... to $1.1 billion, up from $905 million in December 2022. AGP did not specify how much Brookvine contributed to the overall FUM but attributed the increase in part to the acquisition, and improved performance from the WCM Investment Management strategies ...

Vanguard cuts fee on bond ETF

KARREN VERGARA  |  TUESDAY, 11 APR 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 ...

Magellan FUM continues backwards slide

CHLOE WALKER  |  WEDNESDAY, 5 APR 2023
... billion to $6 billion over the month. On a positive note, however, it saw an increase of $0.6 billion in its global equities FUM, as well as a $0.2 billion rise in its infrastructure equities FUM. Still, at the end of last month, Morningstar downgraded ...