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Showing 61 - 70 of 598 results for "December quarter"

Mainstream posts record quarter

KANIKA SOOD  |  MONDAY, 26 APR 2021
... clients and 1042 funds at March end, up 1% (five new net clients) and 13% (162 net new funds) respectively from the December quarter. The 21% or $27.4 billion increase in Mainstream's FUA came from: net inflows from clients of $41.7 billion and market ...

Inflows slow at AMP North

KANIKA SOOD  |  THURSDAY, 22 APR 2021
... 2020 March quarter. The platform ended March with $53.4 billion in platform assets, up $1.7 billion from the December quarter. "We continue to improve the capabilities of North to support both AMP aligned and external financial advisers in servicing ...

Challenger to change annuity pricing

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... Fidante Partners and internal and external manager CIP Asset Management, grew to $99.7 billion (9% growth over December quarter). Fidante Partners accounted for $78.8 billion of the $99.7 billion total FUM. Its boutique partners attracted $5.5 billion ...

State Street the largest institutional manager

KANIKA SOOD  |  MONDAY, 19 APR 2021
... the third-largest institutional manager changed from Macquarie Investment Management to IFM Investors in the December quarter. IFM Investors ended $106.8 billion in total assets, while Macquarie slipped to the sixth spot in local institutional FUM. Next ...

Two Aussie CIOs on top 100 list

KANIKA SOOD  |  FRIDAY, 16 APR 2021
Two Australian chief investment officers made the annual Power 100 list published by Chief Investment Officer. Con Michalakis, who has been Statewide Super's chief investment officer since 2008, was on the list alongside $171 billion Future Fund's ...

Netwealth FUA crosses $40 billion

KANIKA SOOD  |  FRIDAY, 16 APR 2021
Netwealth ended March 2021 with $41.8 billion in funds under administration, an increase of 50% over the prior corresponding period. Net inflows in FUA slowed down from $3.2 billion in previous corresponding period to $2.3 billion. Netwealth attributed ...

Wholesale funds recover losses

ANNABELLE DICKSON  |  FRIDAY, 9 APR 2021
... result of COVID-19, new research from Plan For Life shows. The research revealed wholesale funds grew 5.4% in the December quarter to finish 2020 at $1.2 trillion. Pendal and Challenger led the FUM growth with 39.5% and 20.5% respectively. On the other ...

Multi-boutique adds partner

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... of its FUM is from global equities manager GQG Partners, which swelled to $45 billion in 2020. GQG started the December quarter with $77.7 billion in total FUM and ended the calendar year with $86.9 billion.

Chief economist update: OECD sees stronger growth ahead

BENJAMIN ONG  |  WEDNESDAY, 10 MAR 2021
... release of the December 2020 quarter National Accounts, federal Treasurer Josh Frydenberg stressed that: "In the December quarter, direct economic support from the federal government halved... Yet at the same time the economy grew by 3.1%, 320,000 new ...

Perpetual promotes on Aussie equities team

KANIKA SOOD  |  TUESDAY, 9 MAR 2021
... Investment Group. In its most recent results, Perpetual's strategies saw $2.7 billion in net outflows in the December quarter, taking its total assets to $89.2 billion.