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Showing 551 - 560 of 1226 results for "FUM"

Zurich Investments shuts down fund

KANIKA SOOD  |  THURSDAY, 28 MAR 2019
... shutting existing funds. "There are other strategies we are looking at but nothing is certain." Amid the change, Drennan expects FUM growth for Zurich Investments to remain relatively stable for the next 12-18 months after which the business will build ...

Perpetual raising $440m for credit trust

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... before-tax profit of $46.5 million - 20% lower than the prior corresponding period. This was largely due to lower revenue, average FUM and performance fees earned. Perpetual Private recorded $2.5 billion in FUA for charitable trusts and endowment funds ...

Neilsons sell 10% of Platinum

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
... relative to their benchmarks. Overall, profit after tax was down 27% in the six months to December. The boutique's $25 billion FUM generated about $65 million in NPAT in the time. Judith Neilson owns the White Rabbit art gallery in Sydney's Chippendale ...

More advisers using ETFs

KANIKA SOOD  |  THURSDAY, 14 MAR 2019
... months. Reinvestment rates are strong with over half intending to make another ETF investment in the next year. The total FUM could reach $50-55 billion by the end of the year, Vynokur said. The industry stands at $44.4 billion at February end, growing ...

Investors stick with managed accounts despite volatility

HARRISON WORLEY  |  THURSDAY, 14 MAR 2019
... headwinds in the second half of 2018. The Institute of Managed Accounts Professionals' latest six monthly Managed Accounts FUM Census shows net fund inflows in the second half of last year were worth around $2.5 billion, a 4% increase on the sector's ...

Trust deficit boosts Australian Ethical membership, FUM

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
... with our superannuation members growing 20% from the corresponding period last year," Vernon said. It reached the $3 billion FUM milestone across superannuation and managed funds in mid-February 2019. Statutory NPAT for the first half jumped 47% year ...

Pinnacle nears $50bn milestone

DARREN SNYDER  |  FRIDAY, 22 FEB 2019
... Omega transactions. Net fund inflows were $5 billion ($1.4 billion in retail) and market movements/investment performance saw FUM reductions of $3.1 billion. This saw an overall FUM increase of $8.7 billion. The group said Firetrail's institutional ...

Perpetual thinks outside value investing

KARREN VERGARA  |  THURSDAY, 21 FEB 2019
... before-tax profit of $46.5 million, 20% lower than the prior corresponding period. This was largely due to lower revenue, average FUM and performance fees earned. Total FUM was down 10% to $27.7 billion. "We will be delivering new investment vehicles ...

Magellan eyes retirement income products

KARREN VERGARA  |  FRIDAY, 15 FEB 2019
... infrastructure strategy - which is also available as an active ETF - and interest is expected to grow over time. Of Magellan's total FUM of $70.8 billion, 27% comes from the retail arm. Magellan acquired Airlie Funds Management in February 2018 and launched ...

K2 posts losses, signs on distributor

KANIKA SOOD  |  THURSDAY, 14 FEB 2019
... management was also slower than expected, taking management fees to $2.4 million from $3 million in the period. "Growth in FUM [currently $318m] remains a key focus for K2's board and senior management and a number of initiatives have been implemented ...