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Showing 21 - 30 of 162 results for "Redeem"

Pendal FUM up $5bn

KANIKA SOOD  |  THURSDAY, 15 JUL 2021
ASX-listed Pendal reported a $5 billion increase in funds under management in the June quarter, after outflows of $0.7 billion. The fund manager's June end FUM stood at $106.7 billion, as higher markets and currency impact added $5 billion over ...

Class launches SMSF auditor tool

ANNABELLE DICKSON  |  MONDAY, 12 JUL 2021
... price and agreed service levels," Russell said. Elsewhere, last week Class announced it had decided to either convert or redeem its $3.1 million investment in Philo Capital Advisers after concluding it is not in the best interest of its shareholders. ...

Class to dump MDA investment

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The SMSF technology platform has decided to either convert or redeem its $3.1 million investment in Philo Capital Advisers after concluding it is not in the best interest of its shareholders. Class previously made the investment prior to the introduction ...

ASIC changes ETF market maker rules

KARREN VERGARA  |  TUESDAY, 22 JUN 2021
... Authorised participants help create liquidity for ETFs. Responsible entities appoint authorised participants to create and redeem shares in the primary market. In the secondary market, authorised participants provide ETF units to be traded on the ASX ...

Magellan launches FuturePay

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... investment outperformance," Cairns said. Investors will need to pay a contribution upon entering the fund and, if they redeem, the investor will receive the money from the portfolio and leave behind the value of the benefit provided by the trust. The ...

James Murdoch launches SPAC

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
The son of Rupert Murdoch has filed papers to launch a US$300 million blank cheque company, which will focus on investing in Asia. James Murdoch, the younger son of Rupert Murdoch and former chief executive of 21 st Century Fox, is working with Uday ...

AMP Capital fails to stop fund merger

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
AMP Capital has failed in its bid to stop a merger between the Dexus Wholesale Property Fund and the AMP Capital Diversified Property Fund. Unitholders in both funds voted in favour of the merger. The AMP Capital Diversified Property Fund (ADPF) has ...

Link faces another lawsuit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... proceedings to the High Court. Law firm Harcus Parker is also suing Link, alleging that Link failed to ensure investors could redeem their shares on request or that their money was invested sensibly. The UK's Financial Conduct Authority has been copping ...

Pendal reports $1.6bn in net outflows

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
Investors pulled $1.6 billion net from Pendal Group's strategies in the December quarter, but total funds under management grew 5.4% to hit $97.4 billion as performance picked up. The net outflows of $1.6 billion were mostly from the JO Hambro Capital ...

ASIC takes action against La Trobe Financial

ELIZABETH MCARTHUR  |  MONDAY, 21 DEC 2020
... Classic 48 Hour Account. The two funds in question have minimum investment thresholds of just $10 and allow investors to redeem their money in as little as 48 hours or 90 days. However, the funds included the caveat in their constitutions that La Trobe ...