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Showing 351 - 360 of 1226 results for "FUM"

Retail super fund to be wound up

JAMIE WILLIAMSON  |  TUESDAY, 11 JAN 2022
... in net transfers. According to the annual report, 61% of the fund's assets were held in bonds and cash in 2021; 45% of its FUM was invested in the Vanguard High Growth Index Fund. "Its low scale obviously presents major challenges in the current superannuation ...

Future Super hires operations chief

KARREN VERGARA  |  THURSDAY, 6 JAN 2022
... AustralianSuper on 1 December 2021, bringing more than $3.2 billion in funds under management. AustralianSuper now has $230 billion in FUM and is in the process of merging with LUCRF Super.

Morningstar cuts fair value estimate for Magellan

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... investors pulling money out too. However, this may not be cause for great concern. While the SJP mandate made up 16% of group FUM, Magellan's next four largest mandates make up just 2% of its FUM. And Ler isn't worried about chief executive Brett Cairns ...

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 ...

Hostplus, Statewide formalise merger

KARREN VERGARA  |  FRIDAY, 10 DEC 2021
... completed its merger with Intrust Super in November, welcoming 90,000 members, 25,000 employer clients, and $3 billion in FUM. Two years ago, Hostplus took over Club Super, which had $600 million in FUM and 22,000 members.

Magellan chief executive resigns

ELIZABETH MCARTHUR  |  TUESDAY, 7 DEC 2021
... net outflows in its retail and institutional funds under management. The global equities strategy saw a $4 billion drop in FUM last quarter, to $84 billion, while infrastructure equities and Australian equities remained relatively flat at $19.6 billion ...

AvSuper hunts merger partner, launches EOI process

CHLOE WALKER  |  FRIDAY, 3 DEC 2021
... (CASA) before going public offer in 2005. Despite this, the fund has failed to grow, with its 2014 annual report showing total FUM of about $1.7 billion. AvSuper Growth was one of 13 MySuper products to fail the performance test. Following this, the ...

AustralianSuper, Club Plus complete merger

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
... transfer, announced in May, saw the transition of $3.2 billion in funds under management and brings AustralianSuper's total FUM to more than $244 billion. AustralianSuper group executive for membership and brand Rose Kerlin described the merger as "a ...

Flows to SRI ETFs boom

ELIZABETH MCARTHUR  |  TUESDAY, 30 NOV 2021
... According to Zenith's 2021 International Shares Sector Report, SRI- themed ETFs in October 2021 had funds under management (FUM) of approximately US$350 billion, representing a staggering increase of 2200% from December 2014. The FUM in SRI ETFs had ...

Hostplus, Intrust merger complete

KARREN VERGARA  |  MONDAY, 29 NOV 2021
... 90,000 members, 25,000 employer clients, and $3 billion in funds under management to Hostplus, effectively taking the latter's FUM to $73 billion. Intrust chief executive Brendan O'Farrell has consequently stepped down from his post. He led Intrust for ...