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Showing 5381 - 5390 of 22790 results for "Funds"

Vanguard finds dirty assets in ESG fund

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... just the public companies. This means governments or unlisted companies were left out. "Vanguard consistently reviews our funds and ETFs and the indexes they are managed against including the ongoing appropriateness of the benchmark methodologies used ...

First Sentier funds appoint new RE

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
First Sentier has shed its responsible entity relationship with Colonial First State, naming a new RE for 13 of its funds. Perpetual's Trust Company will act as the responsible entity for the 13 funds. The change comes after shareholder vote and retires ...

ERS dents Raiz Super by $13m

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... Raiz's superannuation offering paid out $13 million as a result of the early release of super scheme but managed to keep funds under management afloat. The micro-investing platform reported superannuation assets grew by 27% on the prior corresponding ...

Aviva Investors appoints chief investment officer

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
... now stepped up to the role of chief executive. McHugh will be responsible for overseeing 300 professionals working across funds management, asset management, development, transactions, origination, underwriting, research and business management. He joined ...

Equipsuper merges with corporate fund

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... Super at the time brought in $11 billion in assets to create a $26 billion entity. "Our aim is to grow to $50 billion in funds and roughly double our membership to 300,000 in the next five years," Cameron said. "We're drawing on our track record ...

Australian Ethical continues growth trajectory

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
... shareholders was up 17% to $5.2 million. The company announced a fully franked interim dividend of three cents per share. Funds under management grew by 30% during the period to $5.05 billion. Net inflows were at a record high of $422 million, up 43%. ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... Management (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds. The sale includes Wells Fargo Bank N.A.'s business of acting as trustee to its collective investment trusts and all related ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
Self-managed super funds that borrowed from a private company under a limited recourse borrowing arrangement (LRBA) will not suffer adverse tax consequences if the loan interest has been capitalised because of COVID-19. This recent announcement by the ...

Mergers prompt 13% fee drop

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
Members of merged superannuation funds are $15,000 better off in retirement, new research shows. An analysis by Super Consumers Australia (SCA) found MySuper fees of merged entities dropped by 13.4% on average. The consumer advocate group looked at ...

HUB24 lifts inflows, profit flat

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
The platform provider recorded a significant jump in platform inflows and funds under management while profit remained flat, according to its half-year results. Platform inflows jumped 24% to $3.1 billion on the 12 months prior while funds under management ...