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Showing 171 - 180 of 1062 results for "FUM"

Further $1.4bn FUM drop at Magellan

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... billion of the loss was seen on the retail side, while institutional funds accounted for about $500 million. Total retail FUM now sits at $24.8 billion while institutional FUM is $43.8 billion. The decrease was largely seen its global equities capabilities ...

Hostplus, Statewide Super finalise merger

JAMIE WILLIAMSON  |  FRIDAY, 29 APR 2022
... home to 1.5 million members after merging with Statewide. This places them in the top five funds by membership and top 10 by FUM. In the past two years, the fund's FUM has grown by close to 60% and its membership is up 22%. With another merger with the ...

Challenger expects to reach full-year profit guidance

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
Despite a dip in funds under management (FUM), Challenger expects to be toward the upper end of its full-year profit guidance range. Challenger reported its FUM as being $100 billion, down 8% for the quarter. The company said this fall reflected the ...

Magellan suffers $1bn in outflows

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... Douglass as chair, announced the firm would buy back 10 million ordinary fully paid shares or 5.4% of shares outstanding. Total FUM at Magellan is now $25.7 billion in its retail business and $44.3 billion in the institutional business.

More Diversa super products to wind up

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... MYONESUPER and Super Prophets follows GigSuper - also a Diversa product - going into administration with about $2.8 million in FUM. Another sub-plan Diversa oversaw, Zuper, also closed in 2021 after failing to reach sufficient scale. Its closure came ...

Morningstar bets on active fund managers

KARREN VERGARA  |  MONDAY, 21 MAR 2022
... net profit after tax to decline just 9% per year over the next three years to $315 million from $413 million in fiscal 2021. FUM is anticipated to grow to $99 billion by 2026, driven by market returns averaging 15% per year. The market, Morningstar said ...

Managed accounts FUM at $131bn

CHLOE WALKER  |  TUESDAY, 15 MAR 2022
... released by Institute of Managed Account Professionals (IMAP) and Milliman. As at 31 December 2021, funds under management (FUM) in managed accounts stood at $131 billion, an increase of $21.06 billion in the six months from 30 June 2021. At that time ...

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... investors pulled about 9.9 million ordinary shares from Magellan, which came with a 5.31% voting power. One fortnight beforehand, FUM dipped well below $80 billion at $77.2 billion. Since the end of September 2021's balance of $113.3 billion, FUM ...

Switch to value could hurt super: Research

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... savage outflows, but their funds under management could be lost to active managers altogether," Rainmaker said. "That is, FUM within these products is likely to shift to indexed products, most probably ETFs."

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... $80 billion. Some $18.3 billion disappeared from the ASX-listed fund manager between December 2021 and February 23, as total FUM now sits at $77.2 billion. About $47.1 billion is allocated in global equities, $20.5 billion in infrastructure equities ...