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The top investment funds over the past year

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
The top-performing investment funds for the year ending March 31 have been announced, with all being ETFs focused on international equities. The BetaShares Crypto Innovators ETF (ASX: CRYP), with $158 million in net assets, led the pack with a 163.8% ...

Frontier grows consulting, governance teams

ELIZABETH FRY  |  FRIDAY, 10 MAY 2024
Frontier Advisors has announced four new appointments, hiring from Aviva, Zenith, Cooper Investments and Motley Fool. Firstly, Daniel Manser will join Frontier's client consulting team, working with investors across all client segments. Manser joins ...

APRA 'continuing to monitor' UniSuper outage

JAMIE WILLIAMSON  |  THURSDAY, 9 MAY 2024
UniSuper has commenced the restoration of its services, as APRA confirms it is monitoring the situation which arose when the fund's private cloud was inadvertently deleted. In a brief statement to Financial Standard, APRA said it is "aware of the ...

Advisers must unite for major reforms: SIAA

KARREN VERGARA  |  THURSDAY, 9 MAY 2024
... as an ecosystem and where advisers sit, we're clear on our value propositions" Boyce said. "We can work out who we partner with at the right time. Therein lies another opportunity, as we work through what this means for us as an industry." The panel ...

Perennial Partners takes over Australian Unity fund

ANDREW MCKEAN  |  WEDNESDAY, 8 MAY 2024
Perennial Partners has agreed with Australian Unity Funds Management Limited (AUFM) to take over the investment management of the latter's Future of Healthcare Fund. AUFM will also step down as trustee of the fund, with Perennial taking over as trustee. ...

Future Group changes fees for Guild members

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2024
... GuildPension investment options. Upon the GuildSuper acquisition, Future Group was named the strategic superannuation partner of the Pharmacy Guild of Australia. Just last month, GuildSuper ticked over $3 billion in funds under management (FUM), bringing ...

Australian Retirement Trust wraps up AvSuper merger

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
... management by 2030, all whilst helping our members retire well with confidence," he said. AvSuper started hunting for a merger partner in December 2021, spurred by its default MySuper investment option failing the inaugural Your Future, Your Super performance ...

Magellan bleeds another $1bn

ANDREW MCKEAN  |  TUESDAY, 7 MAY 2024
Magellan Financial Group has seen a drop of $1 billion in funds under management (FUM) in April, according to its latest monthly update on the ASX. Magellan's FUM now stands at $36.3 billion. The fund manager reported that its net flows were flat, consisting ...

Dexus completes $300m raising

ELIZA BAVIN  |  TUESDAY, 7 MAY 2024
Dexus announced it has successfully raised more than $300 million for a first close of its second dedicated real estate opportunity fund, putting it on track to raise up to $1 billion in equity. The Dexus Real Estate Partnership 2 (DREP2) fund is the ...

Farewell TelstraSuper: Largest corporate fund explores merger options

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
TelstraSuper is searching for a merger partner, after its board concluded that size and scale are "increasingly important" to serving members' best financial interests. "The TelstraSuper Board see this as an exciting opportunity for members as we ...
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