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Showing 241 - 250 of 664 results for "Retail funds"

Inappropriate advice drives disputes

KERRIE SYDEE  |  TUESDAY, 6 SEP 2016
... made up over one quarter (28%) of investment and advice disputes. The majority of disputes concerned SMSFs (43%), retail funds (19%) and industry funds (15%). For SMSFs the most common dispute was inappropriate advice at 34%. For retail funds the most ...

HUB24 partners for new white label offering

ALEX BURKE  |  TUESDAY, 30 AUG 2016
... underscore this positive direction for our industry." This news follows the release of HUB24's FY16 results, which saw its retail funds under administration grow to $3.31 billion.

Retail FUA growth drives HUB24 profit

KERRIE SYDEE  |  MONDAY, 29 AUG 2016
HUB24's retail funds under administration (FUA) grew by 94% to $3.31 billion in FY16, with the company recording a gross profit of $10.9 million, up 125%. HUB24 recorded total FUA of $3.78 billion at 30 June 2016, comprising retail FUA $3.31bn, new ...

Industry funds extend winning streak

MARK SMITH  |  WEDNESDAY, 24 AUG 2016
... infrastructure compared to other asset classes. Industry funds have an average allocation of 9% to infrastructure while retail funds invest just 2% of their funds in the asset class, the APRA numbers show. That compares to a whole-of-super average of ...

Magellan full year profits up 14%

MARK SMITH  |  THURSDAY, 11 AUG 2016
... component of the global equities strategy received $2 billion of net retail inflows over the period, bringing total retail funds under management for the strategy to approximately $10.9 billion, up from $9.1 billion last year. Meanwhile the Magellan ...

Super funds return three per cent

MARK SMITH  |  TUESDAY, 9 AUG 2016
... interest, outperformed in the period. Regarding the market segments, the gap between not-for-profit (NFP) funds and retail funds within the Workplace sector continues. The 12 month return gap is now at 120 basis points in favour of NFP funds. The long ...

Nikko hires regional sales manager from BlackRock

ALEX BURKE  |  TUESDAY, 5 JUL 2016
... Share Income Fund management fee has dropped from 0.95% p.a. to 0.85%, and the minimum initial investment for its retail funds to $20,000. Hallinan added: "In the Australian market, it is important to continually review pricing models and access points ...

Super insurance premiums rise again

MARK SMITH  |  TUESDAY, 28 JUN 2016
... types of fund or across different risk levels. Not-for-profit funds have seen an average 5% rise in premiums while retail funds' premiums rose an average of 4%. Over the last 10 years the premium cycle has been more pronounced for risks with higher occupational ...

Australian Ethical further reduces super fees

DARREN SNYDER  |  FRIDAY, 24 JUN 2016
... into its managed fund products have increasingly been into lower margin wholesale products rather than higher margin retail funds. The managed funds FUM-based revenue margin decreased from 2.09% in FY15 to 1.7% for FY16. Previously Australian Ethical ...

Stammer steps down from QV Equities

MARK SMITH  |  WEDNESDAY, 15 JUN 2016
... his retirement in 2011. He also served in senior roles with Perpetual in the 1980s, helping to launch the group's retail funds, including the still popular Industrial Share Fund with Anton Tagliaferro. Simon Conn, who is a co-portfolio manager of QVE ...