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Showing 521 - 530 of 1226 results for "FUM"

Fee cuts at super fund

KANIKA SOOD  |  MONDAY, 2 DEC 2019
... managed fund options. During the year it reported an underlying profit after-tax of $5 million from $36 million in revenue. Its FUM, revenue an inflows grew over the year but FUM-based revenue margin has continued to fall over the years, from 1.40% in ...

Retail funds shrink unlisted assets

KANIKA SOOD  |  MONDAY, 11 NOV 2019
... Australian superannuation funds' total money invested in such investments. Over the five years, the proportion of retail fund FUM held in unlisted assets fell from 4.5% in 2014 to 3.7% this year. By contrast, not-for-profit superannuation FUM share ...

BT shuts down two funds

KANIKA SOOD  |  THURSDAY, 7 NOV 2019
... month. "These two funds were determined to be no longer viable for retail investors due to reduced funds under management (FUM) and a decrease in demand," BT's chief investment officer Corrin Collocott said in a statement. Retail investor money was a ...

Industry fund hires from Colonial First State

ELIZA BAVIN  |  TUESDAY, 22 OCT 2019
... asset allocation advice for institutional portfolios ranging from under $500 million funds under management to over $5 billion FUM. Speaking to Financial Standard He says: "Having, in previous roles, occasionally consulted for NGS Super, I'm really excited ...

Dealer group awards investment mandate

KANIKA SOOD  |  THURSDAY, 17 OCT 2019
... Asset Management took on WCM's distribution business in Australia in June 2017 and has since raised $330 million in retail FUM for WCM. It started with a listed investment company (WQG) in 2017 and an ASX-traded managed fund (WCMQ) launched last ...

BT Financial Group enlists research provider

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
... investment market in Australia and the funds under management in managed accounts are rapidly growing. Total managed accounts FUM in Australia grew 17% in the 12 months to March 2019. The growth has prompted increased scrutiny from regulators, with an ...

Poor market conditions weigh on Perpetual, Pendal

ELIZA BAVIN  |  MONDAY, 14 OCT 2019
... $1.1 billion decrease in funds under management for the first quarter of 2020, while Pendal suffered a $900 million drop in FUM for the quarter ended September 30. Tough market conditions for Australian equities were blamed for the drop with global equities ...

Boutique hires from Ellerston Capital

KANIKA SOOD  |  WEDNESDAY, 9 OCT 2019
... are very optimistic," he said. "From a management perspective we want to have a healthy mix between two [insto and retail FUM]. We have got a good strong pipeline in US and Europe for our institutional clients." The boutique is owned 59% by staff and ...

Netwealth top for FUM growth

ELIZABETH MCARTHUR  |  FRIDAY, 4 OCT 2019
... competitors in the dust. Plan For Life found retail managed funds grew by $30.3 billion last financial year to $973.1 billion in FUM. Netwealth had the strongest growth in retail managed funds FUM, recording a 29.1% boost. That was distantly followed ...

AMP Capital cuts retail fees on Aussie equities fund

KANIKA SOOD  |  THURSDAY, 3 OCT 2019
... Australian and global equities, listed infrastructure and listed real estate. A spokesperson declined to confirm the retail FUM in the AMP Capital Equity Fund.