Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 261 - 270 of 1226 results for "FUM"

Fixed interest ETP issuers hit the gas

CHLOE WALKER  |  THURSDAY, 16 MAR 2023
... the total market increased from 10% to 12%, in comparison with the overall market which lost 3% of funds under management (FUM) over the same period. Within fixed interest ETPs, the highest FUM increase occurred in the investment grade sector, with $1.3 ...

Active fund managers historically underperform: SPIVA

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
... enough to shield it from market volatility, lower funds under management and net outflows. The prospects for Magellan's organic FUM growth remain good, Morningstar found, notably from investors seeking to diversify to international equities or gain access ...

Magellan sees more outflows

CHLOE WALKER  |  MONDAY, 6 MAR 2023
In February, the fund manager saw net outflows of $0.8 billion, reverting its funds under management (FUM) to $45.4 billion. The result was due to net retail outflows of $0.5 billion and net institutional outflows of $0.3 billion. By asset class, Magellan ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
... According to insights from Rainmaker Information, the self-managed super funds (SMSF) sector grew its funds under management (FUM) by 5.8% per annum over the last five years. However, this was slower than the 6.6% p.a. pace at which the rest of the superannuation ...

Clime profits slide, poised for further M&A

CASSANDRA BALDINI  |  MONDAY, 27 FEB 2023
... reserve capital in the first half of FY2023 and not pay a first half dividend." Clime further reported funds under management (FUM) and advice increased by 8% to $5.5 billion since 30 June 2022 and funds under advice (FUA) grew by $287 million or 7% ...

AET divestment drives Insignia profit gain

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
... management division decreased $3.4 million to $34.8 million with its net revenues declining by $9 million due to a lower average FUM. The financial advice business finished positively, however. Underlying NPAT was up $6.4 million or 22.6%. This was driven ...

Equity Trustees records solid 1H23 result

JAMIE WILLIAMSON  |  THURSDAY, 23 FEB 2023
Equity Trustees investors will receive an interim dividend of 49c a share after it reported a 12% increase in revenues for the first half, helped along by the acquisition of Australian Executor Trustees. EQT recorded $62.8 million in revenues, up 12.3% ...

Gurner, Qualitas close second BTR fund

CHLOE WALKER  |  WEDNESDAY, 22 FEB 2023
... ended December 31 (1H23), up 117% on its net profit after tax. "A combination of significant growth in funds under management (FUM) to $5.8 billion and record deployment of capital drove a 21% increase on 1h22 in funds under management revenue to $20.7 ...

CBA Group Super pursues merger with ART

ANDREW MCKEAN  |  WEDNESDAY, 22 FEB 2023
... Trust (ART). The merger would see Commonwealth Bank Group Super's 67,000 members and $12.3 billion funds under management (FUM) transfer to ART. Commonwealth Bank Group Super's trustee, Commonwealth Bank Officers Superannuation Corporation, said ...

abrdn terminates funds amid transition

JAMIE WILLIAMSON  |  MONDAY, 20 FEB 2023
... Hedged International Equities Fund. According to Rainmaker Information analysis of the funds' flows, the Aussie equity fund's FUM has dropped 36% in the last three years, while the other's has fallen 91%. Also on the chopping block is the abrdn Global ...