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Showing 231 - 240 of 1226 results for "FUM"

Institutional investor pumps $750m into Qualitas fund

CHLOE WALKER  |  WEDNESDAY, 16 AUG 2023
... institutional investor brings the size of the fund to $1.95 billion, and Qualitas' total committed funds under management (FUM) to about $6.8 billion. Qualitas' FUM has increased by 12% since May and 59% since June 30 last year. Qualitas group managing ...

Fiducian eyes IFAs, South Australia for inflows

KARREN VERGARA  |  MONDAY, 14 AUG 2023
Fiducian is betting on the independent financial adviser (IFA) market and its South Australian presence to bolster its inflows as it sets an ambitious plan to exceed its performance reported in the 2023 financial year. The ASX-listed group's latest ...

Pinnacle steadies FY23 profit, FUM

KARREN VERGARA  |  FRIDAY, 4 AUG 2023
... modest inflows and funds under management growth in the 2023 financial year. The ASX-listed firm, with its 15 affiliates, saw FUM of $91.9 billion increase 10% annually. Net inflows in Australia for FY23 totalled $1.5 billion thanks to money going into ...

Insignia offloads investment bonds unit

KARREN VERGARA  |  MONDAY, 24 JUL 2023
... The life and superannuation unit offers investment bonds, funeral bonds, and education savings plans. It had $2.3 billion in FUM as at 30 June 2022.

AMP's largest super option yields 9.1% return

ANDREW MCKEAN  |  WEDNESDAY, 19 JUL 2023
... over a seven-year period. The MySuper 1970s lifecycle option represents the largest allocation of funds under management (FUM) within the AMP suite of superannuation offerings ($6.3 billion). AMP chief investment officer Anna Shelley said: "Delivering ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
In the year to March end, total funds under management (FUM) held by platforms, wraps and master trusts dropped by $19.5 billion, according to Plan For Life. Specifically, platforms saw a 1.9% decline from over $1 trillion to $982.5 billion, and year ...

Platinum loses $232m in FY23

CASSANDRA BALDINI  |  WEDNESDAY, 12 JUL 2023
... it only recorded performance fees of about $1 million. The asset manager reported $17.3 billion in funds under management (FUM) and said the June outflows included about $162 million from the Platinum Trust Funds. It further explained the losses do not ...

Retirees to own 55% of all super come 2032: Rainmaker

CHLOE WALKER  |  TUESDAY, 11 JUL 2023
Within the decade, retirees will own more than half of all superannuation funds under management (FUM), Rainmaker Information forecasts. Last year, super fund members aged 65 or older owned 40% of Australia's $3.3 trillion in superannuation assets. ...

GQG hits US$104bn in FUM

ANDREW MCKEAN  |  MONDAY, 10 JUL 2023
GQG Partners has recorded a substantial increase in its funds under management (FUM), rising from US$86.7 billion in June 2022 to US$104.1 billion in June 2023. The asset manager attributed this robust growth to its long-term investment performance ...

ASX consultation: Time to say goodbye to mFund?

ANDREW MCKEAN  |  FRIDAY, 7 JUL 2023
... a broader range of products. However, since its inception, mFund has only amassed $1.6 billion in funds under management (FUM) across 228 funds. mFund growth has been stunted by a lack of new settlement participants connecting to the service, coupled ...