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Showing 91 - 100 of 1051 results for "FUM"

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 ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Equity Trustees investors will receive an interim dividend of 49c a share after it reported a 12% increase in revenues for the first half, helped along by the acquisition of Australian Executor Trustees. EQT recorded $62.8 million in revenues, up 12.3% ...

Gurner, Qualitas close second BTR fund

CHLOE WALKER  |  WEDNESDAY, 22 FEB 2023
... ended December 31 (1H23), up 117% on its net profit after tax. "A combination of significant growth in funds under management (FUM) to $5.8 billion and record deployment of capital drove a 21% increase on 1h22 in funds under management revenue to $20.7 ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... Trust (ART). The merger would see Commonwealth Bank Group Super's 67,000 members and $12.3 billion funds under management (FUM) transfer to ART. Commonwealth Bank Group Super's trustee, Commonwealth Bank Officers Superannuation Corporation, said ...

abrdn terminates funds amid transition

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2023
... Hedged International Equities Fund. According to Rainmaker Information analysis of the funds' flows, the Aussie equity fund's FUM has dropped 36% in the last three years, while the other's has fallen 91%. Also on the chopping block is the abrdn Global ...

GQG Aussie inflows up, total FUM slumps

KARREN VERGARA  |  FRIDAY, 17 FEB 2023
GQG Partners reported positive inflows for its local business but saw profit and overall assets under management decline across the board. Total assets under management slumped 3.5% to US$88 billion ($128bn), according to full-year results ending December ...

Magellan profits down 67%

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
... did declare an interim dividend of 46.9c per share, 85% franked. It's also seen a 52% reduction in funds under management (FUM) over the six months to December 31 last year (1H23), falling from $112.7 billion to $53.8 billion. According to Magellan ...

Netwealth reports significant growth

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
... underlying EBTIDTA, excluding non-cash share-based payments, was $47.4 million, up 8.1% to the pcp. Funds under management (FUM) was $14.4 billion, up 10.4% from 30 June 2022. Managed account FUM rose to $12.2 billion, a 9.5% increase over the same period. ...

Challenger reports strong results

ANDREW MCKEAN  |  TUESDAY, 14 FEB 2023
... billion. Challenger's Funds Management business EBIT was down 42% to $31 million, due to lower average funds under management (FUM) of $93 billion compared to period prior. The Funds Management FUM balance was maintained by positive investment market ...

Fiducian expands adviser base, increases FUA

KARREN VERGARA  |  MONDAY, 13 FEB 2023
Fiducian saw the number of its financial advisers grow from 66 to 84 representatives in the second half of 2022 and flagged that another five franchises are in the process of joining the fold. Releasing its half-year report on the ASX this morning ...