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Australian Ethical profits down, FUM upBY ELISE BURGESS | WEDNESDAY, 1 SEP 2010 12:40PM
Australian Ethical's funds under management (FUM) rose 12 per cent to $614 million in the year to June, buoyed by net inflows and market movements - but profits fell compared to the previous year.
The $67 billion super fund for the building and construction industries will launch new investment options as it remains focussed on growing to $150 billion.
PineBridge Investments appointed a head of wealth management for the Asia region in a newly created role.
Asset managers and superannuation funds will ramp up their digital advice offerings in 2022 as the reality of financial advisers exiting sets in.
Pendal Group has endured a disappointing quarter, with $5 billion in outflows from UK institutional clients.
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