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Showing 1091 - 1100 of 8010 results for "Average"

Magellan profits dip

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
... performance fee revenue slid 63% and recent investments drew a loss of $41.8 million. MFG ended FY21 with $103.7 billion in average funds under management, up 9% from FY20. In its funds management business, performance fee revenue was $30.1 million (down ...

Best-performing global equities funds for FY21

KANIKA SOOD  |  MONDAY, 16 AUG 2021
Locally available managed funds investing in large cap global shares tallied 28.6% in median returns for the year ending June, but funds from Forager and Loftus Peak reported big gains, according to Rainmaker research. The median outperformance in the ...

Fiducian's FUA inches to $4bn

KARREN VERGARA  |  MONDAY, 16 AUG 2021
... in conjunction with their adviser, to construct an investment portfolio to suit their particular needs," he said. The average age of members is 62, while the average account balance is about $280,000. The flagship Fiducian Balanced Fund returned 21.8% ...

Record low CFA pass rate

ELIZABETH MCARTHUR  |  FRIDAY, 13 AUG 2021
... performed much better. The May level two exam had a pass rate of 40% and level three had a pass rate of 42%. The 10-year average pass rate for level three is 53% and the overall pass rate since the inception of the exam in 1963 is 57%. The 42% pass rate ...

New equality push in investments

ELIZABETH MCARTHUR  |  FRIDAY, 13 AUG 2021
... domestic and global fund manager members on gender diversity in their investment teams. The survey showed that women on average make up 25% of investment teams," FSC chief executive Sally Loane said. "While this is a solid result, and a significant improvement ...

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
... equivalent to the increase in the Consumer Price Index (CPI), or 1.1% in the 12 months to March 2021. In contrast, the average investment return of superannuation funds is usually around 7%, with the year to June 2021 returning an extraordinary 20%. ...

EQT ups bid for Iress

ANNABELLE DICKSON  |  WEDNESDAY, 11 AUG 2021
... Iress at a 45.3% premium to its undisturbed share price of $10.95 on June 9 and a 61.2% increase to the volume weighted average price ($9.87) for the three months to June 9. The Iress board said it believes it is in the best interest of shareholders ...

Booming market for financial services jobs

ELIZABETH MCARTHUR  |  TUESDAY, 10 AUG 2021
... 20% increase overall in requests for risk and compliance professionals since the Royal Commission," Chisholm said. The average salary for roles Kaizen observed in the market last quarter was $139,000 and the highest salary it saw was $300,000. And, in ...

Benchmarks for super property investments selected

ELIZABETH MCARTHUR  |  MONDAY, 9 AUG 2021
... the government now wants super fund to be only tested on last year's administration fees instead of eight years' average in the APRA performance test. The bill passed the Parliament on June 17, with the first set of legislation coming into effect ...

Asendium partners with regtech

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... opposed to through a retrospective review or a regular audit program." "Asendium removes all paraplanning costs, which on average cost advisers $500 per client. This means every adviser can have their documents reviewed before going to the client, and ...