Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 151 - 160 of 1831 results for "Managed fund"

ASIC extends ETF class order

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
... currently need to seek individual relief from ASIC, as well as increasing the overall competitiveness of Australia's managed fund industry". Cboe also agreed that it supports the relief being extended to five years and expiring on 1 April 2029.

Iress sells mortgages arm to Bain Capital

ANDREW MCKEAN  |  FRIDAY, 15 MAR 2024
... million cash and additional $20 million over 18 months if certain milestones are met. Last year, Iress also sold its managed fund administration business to SS&C Technologies for $52 million. The current effective interest rate across Iress' drawn borrowings ...

Blossom launches new fixed income product

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
Blossom, an Australian fixed income app, has launched Blossom Plus, a managed fund that offers access to bond investments with a target return of 7%. The new product is designed for investors who want to maximise the value of the savings made on their ...

Iress share price jumps on takeover rumours

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
Iress saw its share price skyrocket 15% as speculation swirled that a global private equity firm is keen on a buyout. An article in the AFR claiming US private equity investor Thoma Bravo is eyeing Iress sent investors into a tailspin, bumping up the ...

Large-cap equity funds continue underperformance: SPIVA

KARREN VERGARA  |  FRIDAY, 1 MAR 2024
Large-cap active equity fund managers turned in their second-worst year of underperformance as 77% failed to beat their benchmark, the latest SPIVA study shows. Aussie large-cap managers suffered their worst-performing period in 2023 - not since 2018 ...

Copia seals distribution partnership

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2024
... available to retail investors after it was launched to the institutional and wholesale market in 2022. The actively managed fund invests in 30 to 45 global infrastructure companies, specifically those operating in utilities, energy, transportation, and ...

Iress sells platforms business

KARREN VERGARA  |  MONDAY, 26 FEB 2024
Iress has offloaded its platform business with $4 billion in funds under advice (FUA) to another ASX-listed firm. Praemium will soon be the new owner of Iress's OneVue Platform Business (IOPB), agreeing to pay $1 million in cash and an additional ...

Australian Ethical posts strong half-year result

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... were $259 million, up 39% from the previous period, fueled by superannuation net flows of $269 million. However, managed fund net flows experienced modest outflows of $10 million. "It is encouraging to continue reporting positive net flows, and solid ...

HSBC wins $23bn in admin, custody mandates

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2024
HSBC's local custody business may be turning its fortunes around, growing its assets under custody and administration by close to 40% with two fresh mandate wins. According to the latest Australian Custodial Services Association (ACSA) statistics, HSBC ...

Indexed strategies to hit $1tn in two years

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
New research reveals that indexed strategies are on track to reach $1 trillion by 2026 and will account for one-quarter of the funds management universe. Rainmaker Information's Institutional roundup report found that indexed investing in Australia ...