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Showing 1 - 10 of 100+ results for "FUM"

Franklin Templeton shutters fund

KANIKA SOOD  |  MONDAY, 21 JUN 2021
... have determined that based on the current low level of funds under management and the improbability of growing the fund's FUM in the near term that it is in the best interests of all unitholders to wind up the fund," said Morningstar in a research ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
... billion in funds under management. Under his stewardship, the fund has now grown to about $30 billion, including Catholic's FUM. Despite the regulator saying $30 billion is the threshold for a super fund's survival, Fairley believes Equip and ...

Macquarie sweeps Investment Leadership Awards

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
... funds management industry in Australia continues to grow, with Rainmaker research forecasting total funds under management (FUM) to double and reach $6 trillion within 20 years. The demand for exchange traded products (ETPs), managed accounts and sustainable ...

Cashwerkz takes stake in boutique, plans rebrand

KANIKA SOOD  |  THURSDAY, 10 JUN 2021
... NPAT, which will make it eligible for five million rights each. Lastly, TGM will get another five million rights, when its FUM crosses $50 billion and CWZ's share price hits $0.50 per share. Cashwerkz is funding the purchase via a $14 million equity ...

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
... Fitzgerald are not concerned about increased liquidity needs. They believe the new structure will be a pathway to greater FUM and will benefit unitholders. However, Shield's admitted ahead of the listing of the ETMF that they were prepared for up to ...

Pinnacle affiliates reach $85bn AUM

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
... consultant ratings, offshore fund infrastructure and time-zone centric distribution are well in place to underwrite future growth. FUM for the retail channel hit $19.3 billion at the end of the month, growing from $16.7 billion at the end of December ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... super members. The performance test relating to trustee-directed products will not apply to up to 40% of the super savings (FUM) in Choice products. If funds fail performance tests, members will have to be written to in paper and emailed by the fund ...

AXA hires from CFS

ANNABELLE DICKSON  |  MONDAY, 17 MAY 2021
... growing momentum for more sustainable investments globally," Lacey said. "This is evident as AXA IM noted an increase in total FUM to AUD$500 million for the Sustainable Equity Strategy in Australia. Globally, 89% of AXA IM Core's assets under management ...

Dexus to acquire APN Property Group

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
... wholesale, listed REITs, real estate securities and a direct unlisted property business. It adds $2.8 billion of incremental FUM to Dexus. "This transaction supports our strategic initiative of expanding and diversifying our funds management business ...

Pendal to acquire US firm, profit climbs

ANNABELLE DICKSON  |  MONDAY, 10 MAY 2021
... headquartered in Richmond, Virginia and operates primarily in long-only equity with US$30.5 billion in funds under management (FUM). Over half its FUM is in international value strategies and 19% in US mid cap value. Meanwhile, 56% of FUM is attributed ...
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