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Showing 11 - 20 of 97 results for "Total FUM"

Australian Ethical FUM dips ahead of merger

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2022
... including a final institutional redemption, and provided an update on its merger with Christian Super. Australian Ethical's total FUM now sits at $6.18 billion, a drop of 0.4% from June end. Broken down, $1.81 billion of this is in managed funds and ...

Magellan FUM decline continues but eases

CHLOE WALKER  |  THURSDAY, 4 AUG 2022
... under management, however the damage isn't nearly as bad as previous months saw. At the end of July, Magellan recorded total FUM of $60.2 billion, down from $61.3 billion the month prior. Magellan said it experienced net outflows of $2.5 billion, about ...

Australian Ethical, Christian Super confirm merger

JAMIE WILLIAMSON  |  THURSDAY, 14 JUL 2022
... up 20% year on year. Super flows were up 22% for the year, coming in at $751 million. However, on a quarterly basis, total FUM is down 9% from March 31. Australian Ethical welcomed close to 4800 new customers in the three months to June 31, up 4% for ...

Magellan FUM drops again

JAMIE WILLIAMSON  |  FRIDAY, 8 JUL 2022
... The retail business now holds $22.2 billion total while the institutional business has $39.1 billion. By asset class, total FUM is comprised of $33.3 billion in global equities, $20.1 billion in infrastructure equities and $7.9 billion in Aussie equities. ...

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
... Super, the sub-plan members of the closing products were encouraged to roll into, is the largest of those remaining with total FUM of about $290 million.

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 ...

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 ...

What you read in 2021

JAMIE WILLIAMSON  |  FRIDAY, 17 DEC 2021
... management. Since announcing the LUCRF deal, AustralianSuper has completed another merger with Club Plus Super, with its total FUM now standing at $244 billion. 2) BT confirms changes to super business Just last month a spokesperson for BT confirmed ...

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
... infrastructure equities and Australian equities remained relatively flat at $19.6 billion and $9.6 billion respectively. Total FUM came in at $113.3 billion in October, down on $117 billion in August which is comprised of $30 billion in retail and $83 ...