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Showing 481 - 490 of 1388 results for "Inflows"

Netwealth reports $43.8m in FY20 profits

KANIKA SOOD  |  TUESDAY, 18 AUG 2020
... new mobile app for clients. The ASX-listed platform business grew total funds under advice by 35% to $31.5 billion. Net inflows for FUA doubled to $9.1 billion. Total funds under management for FY20 was $7.3 billion (up 84.4%) after net inflows of $2.8 ...

Fiducian posts $10.5m in FY20 profits

KANIKA SOOD  |  MONDAY, 17 AUG 2020
ASX-listed Fiducian Group doubled its net inflows to $217 million in FY20, as it posts $10.5 million in statutory net profit after tax for the year. Net profit for the group - which includes funds management, financial planning, corporate and platform ...

Future Super ramps up direct equities

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... in rollovers in July alone. Throughout the COVID period we have been lucky enough to continue to experience strong net inflows and this has allowed us to make a range of tactical asset allocation decisions in a tax advantageous manner," Sheikh said.

Praemium shows growth in crisis

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... to $51.2 million and a 25% increase in underlying EBITDA to $14.2 million. Praemium said it had record gross platform inflows of $3.3 billion, a 9% rise, and it posted a net profit after tax of $4.9 million which was a 91% increase from FY19. "Praemium ...

Advisers bolt to cash, gold

ANNABELLE DICKSON  |  FRIDAY, 14 AUG 2020
Advisers seeking to de-risk portfolios have sparked mass inflows to defensive assets and an almost equal amount in outflows of riskier assets, namely Australian equities. The BetaShares Australian High Interest Cash ETF (AAA) and ETF Securities Physical ...

Magellan readies lower-cost funds

KANIKA SOOD  |  WEDNESDAY, 12 AUG 2020
... million, up 5% from previous year. Adjusted NPTA was $438.3 million, up 20%. In total, Magellan attracted $5.7 billion of net inflows in 12 months. Its average funds under management as at June 2020 was $95.5 million, up 26% from previous year. This ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
... billion in average FUM, up 4%. It generated net income of $8 million, up 5%. Fidante Partners attracted $3.8 billion in net inflows ($2.3 billion from instos and $1.5 billion from retail) for the period with strong fixed income and equity flows. Its ...

BetaShares rejigs oil ETF...again

KANIKA SOOD  |  WEDNESDAY, 5 AUG 2020
... now the worst-performing of all ASX-listed ETFs at -73.1% return year to date, as at July 24. It raked up significant inflows earlier in the year but ended June with negative net inflows at $233 million after about $29 million of outflows as oil prices ...

Pinnacle reports FY20 inflows, profits

KANIKA SOOD  |  TUESDAY, 4 AUG 2020
Pinnacle Investment Management's 16 affiliates tallied up only $3 billion in net inflows in FY20 as institutional allocators deferred mandate decisions in COVID-19 but the firm managed to grow NPAT by 5.6% to $32.2 million. PNI this morning reported ...

GQG Partners wins $20m mandate

KANIKA SOOD  |  MONDAY, 3 AUG 2020
... management, across the world, swelled by about $17 billion in the three months ending March owing to strong performance and net inflows. The boutique separated its distribution from PAC in May 2019. It hired Abernethy as the managing director for Australia ...