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Showing 181 - 190 of 1064 results for "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 ...

Biggest ever super merger completes

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
... approval). The merger is the first "merger of equals" the industry has seen. Sunsuper was the fifth largest super fund by FUM and third largest by member numbers, and QSuper was third largest by FUM and 13th largest by member numbers. ART chief investment ...

IOOF reveals first results as Insignia

ELIZABETH MCARTHUR  |  THURSDAY, 24 FEB 2022
IOOF, now known as Insignia Financial, has delivered a firm first half result. The company reported underlying net profit after tax up 79% on the previous corresponding period, a gross margin of $778.4 million up 122% including a six-month contribution ...

Magellan promises better investment performance

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... billion sank 16% compared to the prior corresponding period. About 68% of this comes from institutional investors. Retail FUM of $30.8 billion was flat at the end of 2021. "The Magellan Global Fund has met its long-term objective of delivering returns ...

Magellan fund loses $1bn in five months

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... chief executive and chair Hamish Douglass announcing his divorce and taking a medical leave of absence have led to shrinking FUM and analysts reassessing the funds. The broader ETP sector saw FUM leap 45% year on year to $137.5 billion. Some $27 billion ...

Magellan shuns turnaround companies

KARREN VERGARA  |  FRIDAY, 4 FEB 2022
... Place eroded funds under management, abruptly walking away with $23 billion and leaving a 12% gaping hole in revenue. Total FUM declined 15% to $95.5 billion in the space of three months between September and December 2021. In the same period, chief ...

DomaCom hits $100m in FUM

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
DomaCom has reported growth in recent months, with its funds under management having now exceeded the $100 million mark. The bulk of these funds has been in property acquisitions for small investors and self-managed superannuation funds. Traditionally ...

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... in net transfers. According to the annual report, 61% of the fund's assets were held in bonds and cash in 2021; 45% of its FUM was invested in the Vanguard High Growth Index Fund. "Its low scale obviously presents major challenges in the current superannuation ...

Future Super hires operations chief

KARREN VERGARA  |  THURSDAY, 6 JAN 2022
... AustralianSuper on 1 December 2021, bringing more than $3.2 billion in funds under management. AustralianSuper now has $230 billion in FUM and is in the process of merging with LUCRF Super.