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Showing 161 - 170 of 1226 results for "FUM"

ETFs trump active managed funds in core portfolios

KARREN VERGARA  |  THURSDAY, 11 JUL 2024
... transactions in the last 12 months increased by 50%. "The rate of growth is very impressive - it was only a decade ago that FUM was below $10 billion," ASX general manager and investment products and strategy Andrew Campion said. The exchange's 2023 ...

Betashares captures most net flows in managed funds industry

ANDREW MCKEAN  |  TUESDAY, 18 JUN 2024
... months to 31 March 2024. According to Rainmaker Information, its net flows constituted 25% of its total funds under management (FUM) during the same period. BlackRock was the runner-up with $4.5 billion in net flows over the year, indicative of a 12% ...

Lendlease ditches overseas construction

KARREN VERGARA  |  MONDAY, 27 MAY 2024
... in how we will execute," Lombardo said. Lendlease's global operations comprise about 35% of its funds under management (FUM), which stood at $32 billion at the end of financial year 2023. Separately, on May 10 Lendlease announced that the Australian ...

Australian Ethical snaps up asset manager

ANDREW MCKEAN  |  THURSDAY, 23 MAY 2024
... Asset Management, the sustainable fixed income business of Australian Unity, a move that will see its funds under management (FUM) swell by $2 billion. The acquisition will see both firms merge their fixed income capabilities, expanding Australian Ethical's ...

Australian Food Super closes failed investment option

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... the performance test result, the option had 910 member accounts invested and about $58.8 million in funds under management (FUM). At the end of 2023, following the result, there was 740 members invested and about $52.8 million in FUM, according to APRA ...

Rahmani takes up post at Magellan

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... reins as Magellan continues in its struggle to stem outflows, finishing April with $1 billion less in funds under management (FUM) to hit another low of $36.3 billion. Its global equities strategy FUM decreased $600 million, while its infrastructure ...

Future Group changes fees for Guild members

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2024
... partner of the Pharmacy Guild of Australia. Just last month, GuildSuper ticked over $3 billion in funds under management (FUM), bringing Future Group's total FUM to about $14 billion.

Platinum's FUM dips below $14bn

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2024
... million hit to revenue. A Morningstar note from March calculated the massive mandate loss represented about 9% of Platinum's FUM of $15.6 billion at the time. Incidentally, Morningstar cut its fair value estimate of Platinum's share price by ...

Magellan bleeds another $1bn

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
Magellan Financial Group has seen a drop of $1 billion in funds under management (FUM) in April, according to its latest monthly update on the ASX. Magellan's FUM now stands at $36.3 billion. The fund manager reported that its net flows were flat, consisting ...

Fidelity to roll out more active ETFs

JAMIE WILLIAMSON  |  MONDAY, 6 MAY 2024
... has since returned 9.65% per annum against the benchmark's 7.02%. It has just over $1 billion in funds under management (FUM), as of this month. The Fidelity Australian Opportunities Fund has outperformed its benchmark by 0.73% per annum, with a ...