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Showing 311 - 320 of 818 results for "Retail fund"

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
... latest statistics from APRA reveal. The average industry fund returned 4% over the period versus 1.3% from the average retail fund. The numbers contribute once again to the long-term outperformance of not-for-profit funds against their bank-owned rivals. ...

Vision Super adds sustainability option to menu

MARK SMITH  |  TUESDAY, 23 AUG 2016
... on an account balance of $50,000. This compares to $506 charged by an average industry fund and $876 for an average retail fund. According to the Responsible Investment Association of Australasia (RIAA), Vision Super is the fourth largest super fund ...

Magellan full year profits up 14%

MARK SMITH  |  THURSDAY, 11 AUG 2016
Magellan Financial Group has seen its net after tax profit increase 14% to $198.4 million in the last financial year. Funds under management rose 11% to total $40.5 billion at 30 June with 83% of assets in global equities and 17% in infrastructure equities. ...

Super funds return three per cent

MARK SMITH  |  TUESDAY, 9 AUG 2016
Superannuation funds have returned an average of 2.9% for the 12 months to 30 June as measured by the SelectingSuper workplace default option MySuper Index, propped up by property and fixed income. The SelectingSuper workplace default option MySuper ...

Millennials getting personal with ANZ robo-adviser

ALEX BURKE  |  FRIDAY, 22 JUL 2016
... products has been a significant investment focus - probably even more so now that MLC operates Australia's largest retail fund following a product merger. "We're very focused on making super accessible," she said. "It's a major focus for us over the ...

NAB merger creates largest retail super fund

ALEX BURKE  |  THURSDAY, 14 JUL 2016
NAB has merged five of its super funds into one, creating the largest retail fund in the country. The new MLC Super Fund comprises MLC MasterKey and Plum superannuation offerings, and represents roughly $70 billion in funds under management - this makes ...

Nikko hires regional sales manager from BlackRock

ALEX BURKE  |  TUESDAY, 5 JUL 2016
Nikko Asset Management has appointed a new regional sales manager for New South Wales and Queensland. Thira Ngoeun joins Nikko from BlackRock, where he was vice president - research relationship manager. Prior to that, he was a model portfolio manager ...

Super insurance premiums rise again

MARK SMITH  |  TUESDAY, 28 JUN 2016
Insurance premiums within superannuation have increased again across the market resulting in reduced value for members, according to the latest research report from Rainmaker. On average, premium rates for the standard Death and TPD cover increased ...

Australian Ethical further reduces super fees

DARREN SNYDER  |  FRIDAY, 24 JUN 2016
Australian Ethical is reducing the revenue margin on its superannuation fund by continuing with a fee reduction strategy attempting to make the product more competitive. The ASX-listed wealth management firm is reducing its superannuation administration ...