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Showing 561 - 570 of 1227 results for "FUM"

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 ...

Challenger adds new boutique

KANIKA SOOD  |  WEDNESDAY, 13 FEB 2019
... tax of $200 million was down 4%. Challenger's funds management arm is made of two units: Fidante Partners ($56 billion in FUM) and Challenger Investment Partners (about $19 billion in FUM). Together, they brought in $75 million in normalised net income. ...

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
IOOF recorded net outflows of $481 million in its financial advice and funds management businesses during the final quarter of 2018. The advice business suffered $295 million of net outflows despite completing the transition of 661 former ANZ-aligned ...

Challenger boutique appoints chief operating officer

KANIKA SOOD  |  THURSDAY, 31 JAN 2019
... and portfolio solutions. "The reason this role was created now is that Ardea has grown to now manage over $10.5 billion in FUM for clients within the superannuation, insurance and government sectors, and further growth is anticipated over the coming ...

LICs defy franking credit refund changes

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... September 2018, growing 24% year on year. Eleven new LICs launched over the period, bringing the total to 111. In terms of FUM size, AFIC ($7.4bn) held the top spot followed by Argo ($5.7bn) and Milton ($3bn).

Local Government Super chief resigns

KARREN VERGARA  |  THURSDAY, 17 JAN 2019
... committed to delivering the best retirement outcomes for the members of LGS, and to reaching its strategic goal of $15 billion in FUM by 2021." "This growth strategy will continue to be implemented by the LGS board and the leadership team," LGS added ...

VanEck drops fees on ETF

KANIKA SOOD  |  FRIDAY, 11 JAN 2019
... putting money in CETF as the index underperformed right after its ETF's Australia launch. "We have picked up [investor FUM] in the second half of 2018," Neiron said. "If you look at the China A-shares ETFS in the United States, it is quite a competitive ...

Advice groups sign on to HUB24

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... ($137 billion) and the big four dominate. BTFG has the biggest slice of the pie, administering about with $157 billion in FUM (18% of the $860 billion market). It is followed by AMP Group (17.4%), CBA (14.9%), NAB (13.8%), Macquarie(10.1%), ANZ Wealth ...

MYEFO sees bond issuance drop

ALEX DUNNIN  |  TUESDAY, 18 DEC 2018
... reducing public sector bond issuance requirement coincides with a 10% rise in Australian fixed interest funds under management (FUM) in the 12-month period ending 30 September 2018. Australian fixed interest FUM stood at $286 billion at the end of the ...

Australia's first active fixed income ETF goes live

KANIKA SOOD  |  TUESDAY, 20 NOV 2018
... has $1.7 billion in cash and fixed income products spread across three products ranging from $70 million to $1.3 billion in FUM. "In our view [BNDS] is going to be a very significant fund in terms of size," Vynokur said. "We certainly think this fund ...