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Showing 311 - 320 of 1226 results for "FUM"

Australian Ethical sees profits drop, record super flows

JAMIE WILLIAMSON  |  FRIDAY, 26 AUG 2022
... to $70.8 million, driven by strong average growth in its funds under management. It started the year with $6.94 billion in FUM but market volatility and the loss of a $200 million institutional mandate saw this drop to $6.2 billion by year end. Its merger ...

Insignia Financial profits jump 59% to $234.5m

CASSANDRA BALDINI  |  THURSDAY, 25 AUG 2022
... both through transformation as well as the benefits of recent acquisitions." Meanwhile, its combined funds under management (FUM) and funds under administration (FUMA) dropped almost 7%. It reported that FY22 FUM is $92.3 billion down from $97.7 billion ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
... products, services and technology." An overview of the AET business explained that in FY22 it oversaw more than $6.9 billion in FUM, administration, advice and supervision. On a standalone basis, in FY22 AET generated revenue of $38.1 million. "The business ...

HESTA, Mercy Super to pursue merger

JAMIE WILLIAMSON  |  FRIDAY, 19 AUG 2022
... Queensland to provide benefits for staff and employees. It became Mercy Super in 1992. Today it has about $1.7 billion in FUM. Both HESTA and Mercy Super enjoy a rich history in the health sector and a predominantly female member base. Under the deal ...

Magellan reports NPAT, FUM slide

CASSANDRA BALDINI  |  WEDNESDAY, 17 AUG 2022
... reported a 3% drop in its adjusted NPAT to $399.7 million. Last year it was $412.4 million. Its average funds under management (FUM) also suffered a loss, dropping 9% to $94.3 billion from $103.7 billion. However, its actual FUM as at June 30 sat at ...

Rainmaker unveils managed fund flow winners

ANDREW MCKEAN  |  WEDNESDAY, 17 AUG 2022
... funds industry had net flows of $31.1 billion in the 12 months to March 2022. This was an increase in funds under management (FUM) through net flows of 5%. A further $40 billion or 18% increase in FUM was accounted for in product returns (net of distributions). ...

GQG Partners net revenue jumps 21.3%

CASSANDRA BALDINI  |  THURSDAY, 11 AUG 2022
... In its mid-year financial results for the period ending June 2022, it reported a 2.4% increase in funds under management (FUM) sitting at US$86.7 billion from US$84.7 billion. The asset manager also declared a 14.4% loss to its net income after tax ...

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 ...

Sovereign wealth fund awards $700m mandate

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... The mandate brings Qualitas' total committed funds under management to $5 billion and increases the proportion of its FUM held on behalf of institutional investors to 73%. The balance is retail and high-net-worth investors. Qualitas said it is co-investing ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... investment strategies and governance arrangements." Specifically, given KPMG's projection of super funds under management (FUM) growth, the consultancy firm stated genuine focus is required on improving access to investment opportunities, addressing ...