Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 731 - 740 of 1227 results for "FUM"

Australian Ethical FUM grows 8% in Sept quarter

JAMES FERNYHOUGH  |  MONDAY, 27 OCT 2014
... by more than 8% in the September quarter, bringing it just short of the $1 billion mark. The fund added $72 million to its FUM over the quarter, more than half of which came from market returns and related factors. Net flow, meanwhile, was $34.8 million ...

AustralianSuper to double size of in-house investment team

JAMES FERNYHOUGH  |  MONDAY, 20 OCT 2014
... equities, spread across 21 mandates and 15 managers. This compares with the 2012 figure of $8 billion out of its then overall FUM of $45 billion, which it spread across 13 different mandates. That is an increase from 18% to 28% allocation to the asset ...

Future Fund reaches $104bn, earns 14pct

STAFF WRITER  |  WEDNESDAY, 15 OCT 2014
... to $104 billion and achieved earnings slightly ahead of the SelectingSuper performance index. Its funds under management (FUM) make it, in effect, Australia's third largest investment manager behind State Street Global Advisors, which has $124 billion ...

Low cost retail jumps 82pct

STAFF WRITER  |  MONDAY, 13 OCT 2014
... statement released today by Industry Super Australia. Nevertheless, when this transition gathers pace in the next 2-3 years the FUM weight of this product class will grow rapidly by about $100 billion from retail MySuper products that will combine with ...

First hard MySuper APRA data released

ALEX DUNNIN  |  THURSDAY, 2 OCT 2014
... MySuper assets under management. Rainmaker estimates that this dollar coverage means approximately half of workplace default FUM has already been transferred across into the MySuper product class, a rate of transfer that is much faster than many industry ...

FUM breaks thru $2tr

STAFF WRITER  |  WEDNESDAY, 17 SEP 2014
... funds management sector to have well and truly put the GFC behind it although it did cost it $500 billion in lost potential FUM and $5 billion in recurring annual fee revenue. Funds management growth is, however, being outpointed by superannuation growth ...

Netwealth grows distribution team with new hires

LAURA MILLAN  |  WEDNESDAY, 17 SEP 2014
... 2014, $1.425 billion more than the previous financial year. "We are experiencing fantastic growth and have already increased FUM by $400m in the first quarter of this financial year," netwealth executive director Matt Heine said. "The experience of the ...

Matrix merger to place ClearView among top 10 licensees

LAURA MILLAN  |  MONDAY, 1 SEP 2014
ClearView's bid to acquire all of the shares in Matrix's financial planning business would place the combined group among Australia's ten largest advice groups by number of advisers. ClearView and Matrix entered into a merger implementation deed last ...

Equity Trustees lifts profit 12%

MARK SMITH  |  FRIDAY, 29 AUG 2014
... reflecting good growth initiatives by both of the business units. Trustee & Wealth Services (TWS) revenue was up 12.7% and FUM/A lifted 31%. Corporate Trustee Services (CTS) revenue was up 14.6% and FUM/A lifted 21%." "In relation to expenses, we continue ...

Select chair to become OneVue deputy CEO

ALICE URIBE  |  THURSDAY, 28 AUG 2014
Select Group chairman Brendan Foley will become OneVue's deputy chief executive after the wealth management company agreed to acquire Select Asset Management and Select Investment Partners. The deal, which is expected to be completed tomorrow, will ...