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Showing 141 - 150 of 1226 results for "FUM"

Generation Development Group profit jumps

ANDREW MCKEAN  |  THURSDAY, 29 AUG 2024
... and its investment-linked lifetime annuity, LifeIncome, totaling $674 million. "This resulted in our funds under management (FUM) growing to an all-time high of $3.3 billion or a 26% increase, with corresponding underlying earnings growth of 25% to $10.3 ...

SSGA takes 5% stake in Raiz

KARREN VERGARA  |  MONDAY, 26 AUG 2024
... for the period of $2.8 million was an improvement on the $8.1 million loss in FY23. Raiz's total funds under management (FUM) jumped 23% year on year to $1.46 billion.

Insignia Financial books $185m loss, halts dividends

JAMIE WILLIAMSON  |  THURSDAY, 22 AUG 2024
The costs associated with the wealth giant's transformation and increased remediation provisions have resulted in a $185.3 million net loss and the need to pause dividends as it undertakes a strategic review. Releasing its full-year results to the ASX ...

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... Charter Hall contracted against a tough real estate sector. Qualitas reported a 46% jump in total funds under management (FUM) to $8.9 billion thanks to several institutional mandates won throughout the period. The lion's share of $7.2 billion sits in ...

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... net loss of $752.7 million in the prior corresponding period. Dexus has a total of $54.5 billion in funds undermanagement (FUM), down 11% year on year. Some $20 billion is in office property, while $11 billion is invested in industrial and infrastructure ...

GQG's FUM rockets to record US$155.6bn

ANDREW MCKEAN  |  FRIDAY, 16 AUG 2024
GQG Partners' funds under management (FUM) has climbed to a record US$155.6 billion, marking a 49.5% increase over the last financial year, driven by strong net inflows and global equity market gains. The fund manager reported net flows of US$11.1 billion ...

Challenger pre-tax profit up 17%, raises dividend to 26.5c

ANDREW MCKEAN  |  TUESDAY, 13 AUG 2024
... annuity sales that in turn is supporting higher margins and return on equity. Meanwhile, Challenger's funds under management (FUM) in its Funds Management division grew 19% to $117 billion. However, EBIT for the division declined 11% to $55 million ...

Vanguard, Betashares, iShares neck and neck in battle for inflows

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... equally, there is a growing likelihood of potential de-listings as many active ETFs remain at unviable funds under management (FUM) from lack of flows. This also means the advisers and investors must consider the survivorship of strategies." Neiron concluded ...

FTSE Russell hires client coverage lead

KARREN VERGARA  |  MONDAY, 12 AUG 2024
... for TIP. That month, TIP also launched the Co-Living Future Property Fund. TIP had $221 million in funds under management (FUM) at the end of 2023. Prior to Burman, Lee worked at Bell Direct as equities strategist for 11 years, and was the head media ...

Magellan adds $2bn to FUM

MATTHEW WAI  |  WEDNESDAY, 7 AUG 2024
Contrary to recent months, Magellan Financial Group gained close to $2 billion in funds under management (FUM) in July. Magellan reported $38.4 billion as of July 31, up nearly 5% from the previous month's reading of $36.6 billion. Throughout the ...