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Showing 621 - 630 of 1226 results for "FUM"

Improved distribution strengthens ClearView result

DARREN SNYDER  |  FRIDAY, 25 AUG 2017
... management division in FY17, recording a 17% increase in funds under management. The wealth division now has $2.5 billion FUM with double-digit growth underpinned by strong product inflows and a widening distribution strategy. It recorded an underlying ...

Fund manager chief steps down, appoints investment director

KARREN VERGARA  |  FRIDAY, 25 AUG 2017
... are from the not-for-profit sector, Walsh said. The Melbourne-based ethical funds manager recently reported a 6% growth in FUM to $1.1 billion; it made a one-off grant to the church of $500,000 to support its community, advocacy and other missional s ...

Platinum covers cost for new listed funds

ALEX BURKE  |  FRIDAY, 25 AUG 2017
... billion. This was, however, offset by investment performance driving funds under management up by $4.6 billion. Overall, average FUM declined by 9.6% to $23.4 billion. The board said it was disappointed by this, noting it was "in part due to a small ...

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
Superannuation savings climbed 10% in 2016-17 to reach $2.3 trillion, with performance income accounting for almost all the flows, according to figures released by APRA this week. Within segments, not-for-profit (NFP) funds climbed 12% to $983 billion ...

Fiducian flags advice acquisitions in report

ALEX BURKE  |  FRIDAY, 18 AUG 2017
As part of its growth strategy, Fiducian highlighted the likely acquisitions of multiple advice businesses over the next 12 months in its annual report. In the 2017 financial year, Fiducian acquired a further $97 million in funds under advice, bringing ...

Annuity sales boost Challenger results

KARREN VERGARA  |  TUESDAY, 15 AUG 2017
... Japanese locals. Meanwhile, Challenger's funds management business recorded net flows of $6.2 billion in FY17, pushing average FUM to $61.8 billion, up 12% on the prior year. Net income rose 5% to $134 million thanks to higher average FUM-based fees ...

Magellan officially ramps up retail offering

ALEX BURKE  |  THURSDAY, 10 AUG 2017
... $4.5 billion sourced from retail investors in 2013. While institutional money still represents the majority of the firm's FUM ($35.4 billion as at 30 June 2017), these figures demonstrate Douglass' stated strategy to "increase our penetration with self-directed ...

Netwealth celebrates managed accounts surge

JAMIE WILLIAMSON  |  WEDNESDAY, 28 JUN 2017
A 350% increase in flows to its managed accounts offering has driven a record boost to Netwealth's overall funds under management and administration. The significant surge in its managed account service has contributed to an increase of annual flows ...

TCorp boosts FUM with NSW Govt mandate

KARREN VERGARA  |  WEDNESDAY, 21 JUN 2017
The New South Wales Government's infrastructure fund is forecast to hit $14.8 billion by the end of this month, Treasurer Dominic Perrottet announced in yesterday's budget. Net proceeds from the Government's asset recycling program are being invested ...

Super funds not future ready: Mercer

EMMA RAPAPORT  |  WEDNESDAY, 7 JUN 2017
... be the top driver of how funds will look in 2020, 71% expect organic growth tactics to be the largest source of member and FUM growth in the next five years, yet only 16% highlighted retention tactics as a strategic goal. Funds should look at the opportunities ...