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Showing 1161 - 1170 of 8321 results for "Retail"

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... events have no bearing on the company's investing calibre or earnings outlook. "We expect Magellan will continue to trim its retail and institutional base management fees to below 1.22% (below the peer median) and below 0.32% (below standard multi manager ...

Magellan loses significant mandate

ELIZABETH MCARTHUR  |  MONDAY, 20 DEC 2021
... be terminated on December 17. St James' Place's mandate was a separate account, not an investment in any of Magellan's retail funds. Magellan said the mandate "represents approximately 12% of the group's current annual revenues and is anticipated to ...

AMP Capital snaps up malls in $760m deal

CHLOE WALKER  |  MONDAY, 20 DEC 2021
... with UniSuper and Cbus Property, acquired the remaining 20% of Pacific Fair for $336.4 million through the AMP Capital Retail Trust. Both stakes were acquired from the Dexus Wholesale Property Fund at their book value as at 30 June 2021. When the transactions ...

Plato readies new ESG strategies

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... distribution focus for the new funds has so far been on the institutional space, it is understood to also be targeting the retail space; mums and dads are a large proportion of those invested in Plato's Australian Shares Income Fund and Plato Income ...

Industry responds to heatmap findings

CHLOE WALKER  |  FRIDAY, 17 DEC 2021
... transparency and disclosure that the heatmaps provide. "However, it is disturbing to see the levels of underperformance in the retail superannuation sector," Birks said. "While all the political attention has been on MySuper products, which have, on ...

ISPT takes stake in property fund manager

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... property fund manager ISPT invests on behalf of industry superannuation funds, with $19.6 billion spread across commercial, retail, logistics, warehousing, and residential property in Australia. E&P is currently battling a class action against Piper ...

Choice products not so choice: APRA

CHLOE WALKER, KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... Future, Your Super test, are also failing Choice members, the latest APRA heatmaps reveal. The prudential regulator slapped retail and industry superannuation funds alike with the lowest grade possible in its inaugural Choice heatmap. Perpetual WealthFocus' ...

HESTA leads trustee board diversity

KARREN VERGARA  |  THURSDAY, 16 DEC 2021
... directors (four males and four females) a whopping $2.6 million in total remuneration, more than any other industry or retail fund. Nulis' directors were paid $330,000 on average while AustralianSuper's directors received $90,000 on average. ...

MLC Life adds to retail distribution team

JAMIE WILLIAMSON  |  THURSDAY, 16 DEC 2021
The life insurer has made a series of appointments to its retail distribution team in the hopes of strengthening its licensee and adviser relationships. Four new additions have been made, reporting to general manager of retail distribution partnerships ...

Hume commits to 12% SG

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
... not address whether the revamped best financial interest duties would apply to dividend payments made by underperforming retail funds.