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Showing 341 - 350 of 1226 results for "FUM"

Managed accounts FUM at $131bn

CHLOE WALKER  |  TUESDAY, 15 MAR 2022
... released by Institute of Managed Account Professionals (IMAP) and Milliman. As at 31 December 2021, funds under management (FUM) in managed accounts stood at $131 billion, an increase of $21.06 billion in the six months from 30 June 2021. At that time ...

Magellan loses $5bn in fortnight

KARREN VERGARA  |  MONDAY, 14 MAR 2022
... investors pulled about 9.9 million ordinary shares from Magellan, which came with a 5.31% voting power. One fortnight beforehand, FUM dipped well below $80 billion at $77.2 billion. Since the end of September 2021's balance of $113.3 billion, FUM ...

Switch to value could hurt super: Research

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... savage outflows, but their funds under management could be lost to active managers altogether," Rainmaker said. "That is, FUM within these products is likely to shift to indexed products, most probably ETFs."

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 ...

Biggest ever super merger completes

ELIZABETH MCARTHUR  |  MONDAY, 28 FEB 2022
... approval). The merger is the first "merger of equals" the industry has seen. Sunsuper was the fifth largest super fund by FUM and third largest by member numbers, and QSuper was third largest by FUM and 13th largest by member numbers. ART chief investment ...

IOOF reveals first results as Insignia

ELIZABETH MCARTHUR  |  THURSDAY, 24 FEB 2022
IOOF, now known as Insignia Financial, has delivered a firm first half result. The company reported underlying net profit after tax up 79% on the previous corresponding period, a gross margin of $778.4 million up 122% including a six-month contribution ...

Magellan promises better investment performance

KARREN VERGARA  |  FRIDAY, 18 FEB 2022
... billion sank 16% compared to the prior corresponding period. About 68% of this comes from institutional investors. Retail FUM of $30.8 billion was flat at the end of 2021. "The Magellan Global Fund has met its long-term objective of delivering returns ...

Magellan fund loses $1bn in five months

KARREN VERGARA  |  WEDNESDAY, 9 FEB 2022
... chief executive and chair Hamish Douglass announcing his divorce and taking a medical leave of absence have led to shrinking FUM and analysts reassessing the funds. The broader ETP sector saw FUM leap 45% year on year to $137.5 billion. Some $27 billion ...

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 ...

DomaCom hits $100m in FUM

CHLOE WALKER  |  FRIDAY, 14 JAN 2022
DomaCom has reported growth in recent months, with its funds under management having now exceeded the $100 million mark. The bulk of these funds has been in property acquisitions for small investors and self-managed superannuation funds. Traditionally ...