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Showing 1 - 10 of 108 results for %22Management Expense Ratio%22

WAM Leaders, QV Equities to merge

ANDREW MCKEAN  |  TUESDAY, 12 MAR 2024
... market opportunities. It will also increase WAM Leaders' relevance in the marketplace while providing a lower management expense ration as a result of the removal of duplication of expenses such as ASX listing fees, share registry fees, audit fees, compliance ...

Australian Ethical posts strong half-year result

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
... underlying net profit after tax (UNPAT) jumping 71% to $8.5 million. The ethical investment firm's funds under management climbed to a record $9.67 billion, representing a 15% increase. This growth is credited to ongoing positive net flows and strong ...

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... The company plans to further "optimise costs" in FY24. Iress also announced the completion of a review of its capital management strategy, focusing on sustainable earnings, debt and leverage reduction, reinvestment in research and development, and dividend ...

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... trillion the previous year. Interestingly, total fees paid are growing twice as fast as the industry's funds under management. "This discrepancy highlights a potential diseconomies of scale effect, which may attract regulatory attention in the near future," ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... Westpac has posted a net profit of $1.8 billion for 3Q23, driven by steady operating revenue and disciplined margin management. Despite inflationary headwinds which led to a rise in expenses by approximately 5% for the second half of 2023 compared to ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... expensive, as many report a 34% jump in fund servicing expenses over the last three years as they also grapple with lower management fees. The Investors' Costs and Fees report compiled by bfinance found that routine fund servicing costs in the form ...

Smart beta ETP market share matures: Morningstar

ANDREW MCKEAN  |  THURSDAY, 29 JUN 2023
... according to a Morningstar report. As of 31 December 2022, there were 1384 smart beta ETPs worldwide, with assets under management (AUM) of around $1.53 trillion. Despite a healthy influx of net flows ($161.2 billion), the number of smart beta ETPs decreased ...

Retail super fund pulls the plug

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... jeopardised members' best interests. It's understood that the fund had just 197 members and $7.6 million in funds under management (FUM) when it closed on 31 May 2022. After the closure of FairVine, promotors of three advised offers in the fund, which ...

Super disruptors throw in the towel

KARREN VERGARA  |  THURSDAY, 9 FEB 2023
... peak, 30 challenger brands tried to take on established industry and retail funds, hitting $3.8 billion in funds under management and capturing 0.12% of the market. At the end of 2022, Rainmaker found there were 14 providers left and, in the first few ...

Thirty-eight super funds face sustainability issues: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAR 2022
... The regulator found administration and operating expenses for super funds with less than $10 billion in funds under management sit at about 0.57% of net assets. This is compared to 0.33% for funds with more than $50 billion. The analysis suggests 24 ...
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