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Showing 501 - 510 of 1226 results for "FUM"

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... transitioned to Hostplus following the two funds' merger. About 44% of Club's members are millennials. Only 31% of Rest FUM is held by millennials and 25% of Hostplus FUM. Club Plus' membership is 42% millennial. However, only 14% of its ...

SMSFs expected to outperform: Research

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
... 10-15% as a result of the current market conditions." SMSFs reached a peak of 33% of all superannuation funds under management (FUM) in 2012, though this has since dropped to 26%, which is around $750 billion. "A higher than average exposure to cash ...

Aussie ETF industry contracts

ALLY SELBY  |  MONDAY, 16 MAR 2020
... over $7 billion traded in Australian ETFs in February. BetaShares chief executive Alex Vynokur said the $2 billion drop in FUM was expected. "While many investors' portfolios clearly have suffered from recent falls in equity prices, it is notable ...

Raiz defends double fee

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... said it is well placed to manage volatile market conditions because it collects both management and funds under management (FUM) fees from its customers. Raiz chief executive George Lucas said 66% of the company's revenue is generated from a $2.50 ...

Evans Dixon slashes staff

ALLY SELBY  |  THURSDAY, 27 FEB 2020
... recurring funds under management based net revenues to $22.8 million, up 23% compared to the prior corresponding period." Gross FUM at the period end was down 3% to $6.6 billion. Evans Dixon announced a reduction in earnings per share, at 3.9 cents. ...

Netwealth gains $9.5bn, reveals expansion plans

ELIZABETH MCARTHUR  |  TUESDAY, 18 FEB 2020
... $4.4 billion. Funds under management for the platform were up to $5.7 billion at 31 December 2019, including managed accounts FUM of $4.4 billion. Member accounts increased by 15% and financial intermediaries using the platform were up 13.3%. In its ...

BT fund to wind up

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... recent review from the trustee (Westpac Securities Administration) concluded that given the small number of investors and low FUM following the 2012 stop to new investors; it was in the members' best interest to terminate it. The wind up is expected ...

Australia's fastest growing investment managers

KANIKA SOOD  |  MONDAY, 10 FEB 2020
... Aussie investors, according to Rainmaker Research. William Blair, whose Sydney office is led by Alexander Rolfe, swelled its FUM from just $7 million five years ago to $270 million at September end. This implies an average growth rate of 110%. Next on ...

Magellan cracks $100 billion

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... doing high fives or [popping] champagne corks. To put it bluntly, we are just getting on with it." Analysis of Magellan's FUM from Rainmaker shows that it is increasingly raising its money from overseas investors. Casarotti confirmed this, adding ...

Macquarie suit to lead Challenger joint venture

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... liquid credit and alternative credit, is the biggest slice of Ares's business, accounting for almost 75% of its total FUM. It also invests in private equity (corporate PE, special opportunities, energy, and infrastructure and power) and real estate ...