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Showing 91 - 100 of 1054 results for %22FUM for%22

Magellan sees more outflows

CHLOE WALKER  |  MONDAY, 6 MAR 2023
In February, the fund manager saw net outflows of $0.8 billion, reverting its funds under management (FUM) to $45.4 billion. The result was due to net retail outflows of $0.5 billion and net institutional outflows of $0.3 billion. By asset class, Magellan ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
... According to insights from Rainmaker Information, the self-managed super funds (SMSF) sector grew its funds under management (FUM) by 5.8% per annum over the last five years. However, this was slower than the 6.6% p.a. pace at which the rest of the superannuation ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... reserve capital in the first half of FY2023 and not pay a first half dividend." Clime further reported funds under management (FUM) and advice increased by 8% to $5.5 billion since 30 June 2022 and funds under advice (FUA) grew by $287 million or 7% ...

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 ...