Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 511 - 520 of 1226 results for "FUM"

New boutique at Pinnacle

KANIKA SOOD  |  THURSDAY, 6 FEB 2020
... including its recent stake in Chris Joye's Coolabah Capital Investments. They together manage about $61.6 billion. This FUM grew by 31.9% in the first half of FY20 over the H1FY19. Pinnacle affiliates reported $48.1 million in net profit after tax. ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... AustralianSuper's operating expense ratio (OER) is not dissimilar to that of several other - some far smaller - funds, despite its massive FUM. AustralianSuper has an OER of 0.2%, the same as Vision Super, AMP Superannuation Savings Trust and First ...

New super fund targets millennials

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... 1.19% on a $50,000 balance for a personal product. "This is a personal product, not a MySuper product. Elevate needs to raise FUM and revenue very quickly to survive a competitive landscape," Rainmaker head of research Jason Ross said. "With the regulator's ...

Cbus head of advice launches firm

KANIKA SOOD  |  FRIDAY, 17 JAN 2020
... is for orgnisations to move away from conflicted performance measures (such as measuring an adviser's performance by sales, FUM or the number of statements of advice) towards better performance measures, while maintaining commercial success. The second ...

Index investment soars: Research

ELIZABETH MCARTHUR  |  TUESDAY, 14 JAN 2020
... Lifecycle MySuper assets grew 15% while single strategy MySuper assets grew 10%. But the big winner when it comes to super FUM was not for profit super funds which now claim more than 50% of total super assets. Not for profit super was the fastest growing ...

Masterfunds up $26 billion

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JAN 2020
... According to Plan For Life Actuaries, masterfunds ended the year to 30 September 2019 up 3% - amounting to $26 billion. Total FUM for masterfunds now stands at $887.8 billion. However, during the September quarter there was a blip; FUM declined by $4.3 ...

Greater potential for smart beta: Research

ELIZA BAVIN  |  THURSDAY, 19 DEC 2019
... "Interestingly, there is a trend to lower fees in both segments. If you calculate the average fee weighted by 12-months flows instead of FUM the average for smart beta products drops to 0.40% pa and for market-cap weighted products to 0.20% pa, meaning ...

Super sector to dominate by 2034

ALLY SELBY  |  MONDAY, 16 DEC 2019
... industry. "The average size of funds grows each year. Within five years, there will be 10 funds with more than $100 billion of FUM," it said. The research house also predicted that the retail segment will go under the knife. "The retail segment will ...

Pinnacle buys stake in Coolabah

KANIKA SOOD  |  THURSDAY, 12 DEC 2019
... generating alpha from liquid, high-grade credit," Pinnacle managing director Ian Macoun said. "Furthermore, more than 90% of the FUM is subject to performance fees providing strong alignment with clients," he said. In July, Coolabah took full ownership ...

Grow Super hires Qantas Super executive

KANIKA SOOD  |  MONDAY, 2 DEC 2019
... administration business," Wilson said. Wilson said the new business' clients will "not necessarily" be small funds and there is no FUM limit to how big a client Grow will be able to handle. Grow Super's own administration services for its superannuation ...