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Showing 131 - 140 of 1054 results for "FUM"

Netwealth FUA sits at $58bn

JAMIE WILLIAMSON  |  THURSDAY, 13 OCT 2022
... to $13.5 billion. It saw net FUA inflows of $2.9 billion for the September quarter, up 8.1% on the prior quarter, and new FUM inflows of $0.8 billion. The platform also added 2822 accounts in the quarter, now sitting at 118,464. New clients were onboarded ...

Magellan FUM drops further

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
... its funds under management in September. The group saw net outflows of $3.6 billion, $3.2 billion of which was institutional FUM while $0.4 billion was net retail outflows. The balance was related to investment performance. Magellan went from having ...

Qualitas secures $440m for debt fund

CHLOE WALKER  |  FRIDAY, 30 SEP 2022
... residential construction loan opportunity. Following the addition of this new commitment, Qualitas' funds under management (FUM) has grown to approximately $5.33 billion, representing a total net growth of 25% since June 30. Qualitas said the deal represents ...

Managed funds industry records $16bn net flows

ANDREW MCKEAN  |  TUESDAY, 27 SEP 2022
... fund industry had estimated net flows of $16 billion in the 12 months to June 2022, an increase in funds under management (FUM) through net flows of 2.3%, according to the Rainmaker Information Wholesale Managed Funds Net Flows report. However, the total ...

Charter Hall secures ATO HQ

CHLOE WALKER  |  TUESDAY, 20 SEP 2022
... chief executive Carmel Hourigan said that the brand-new office project will extend the firm's office funds under management (FUM) to $29 billion, including committed developments and reduce the weighted average age of its office portfolio toward eight ...

Regal Partners secures $420m mandate

CASSANDRA BALDINI  |  MONDAY, 19 SEP 2022
... across all its long, short equity strategies," he explained. The statement concluded Regal Partners funds under management (FUM) end of August sat at $5.0 billion, up from $4.7 billion end of June. It advised the mandate was not included in the August ...

Adviser losses now baked in: Rainmaker

JAMIE WILLIAMSON  |  THURSDAY, 15 SEP 2022
... disintermediation and divestment away from the advice sector by wealth managers have combined to impact not only the volume of FUM they serve, but its need for financial advisers. "Reinforcing this, while new FUM vectors in managed accounts and ETPs ...

Magellan FUM outflows continue

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
Magellan's fund under management (FUM) has cascaded to $57.6 billion, down $1.3 billion in August. The $1.3 billion net outflow comprised $600 million of retail money and $700 million from institutions. Meanwhile, the fund's global equities ...

Australian Ethical sees profits drop, record super flows

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
... to $70.8 million, driven by strong average growth in its funds under management. It started the year with $6.94 billion in FUM but market volatility and the loss of a $200 million institutional mandate saw this drop to $6.2 billion by year end. Its merger ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... both through transformation as well as the benefits of recent acquisitions." Meanwhile, its combined funds under management (FUM) and funds under administration (FUMA) dropped almost 7%. It reported that FY22 FUM is $92.3 billion down from $97.7 billion ...