Charter Hall’s FUM grows 29 pc
Charter Hall Group has announced its funds under management (FUM) increased by 29 per cent, for the 12 months to 30 June 2016, while its statutory profit increased by $97.3 million.
Meanwhile, one of its four managed funds on Money Management's Investment Centre (MMIC) made its way into the top 40 performing funds in Australia,
As part Charter Hall announcing its end of financial year results, the company revealed its operating earnings increased by 26.2 per cent (to $124.7 million), while its operating earnings per security (OEPS) increased by 10.5 per cent (to 30.4 cents).
Charter Hall Group's chief executive and managing director, David Harrison, said the groups remained focused on accessing, deploying, managing and investing capital, as FUM increased to $17.5 billion and OEPS increased.
Over the financial year, distributions per security also recorded an uptick by 11.2 per cent (to 26.9 cents), while net tangible assets per security increased by 10.1 per cent.
When it came to performance of their funds, Charter Hall's Direct Office Ordinary fund outperformed the index over the last one, three and five years, according to the MMIC.
It generated 27.01 per cent, 23.43 per cent and 17.16 per cent (over the last one, three and five years respectively).
To assess how Charter Hall's other funds have performed: click here
http://investmentcentre.moneymanagement.com.au/factsheets/mi-0yfbo/char…
Recommended for you
T. Rowe Price has formed a strategic relationship with a US life insurance and annuity company which will see the asset manager manage its public and private assets, and explore product development opportunities.
PIMCO has announced the launch of four ETFs that seek to democratise active fixed income investing in Australia through institutional-grade solutions.
Australian financial services firm Barrenjoey has opened a Hong Kong-based office after the acquisition of an Asian business, marking its second international office.
Pinnacle has reported a 151 per cent rise in net profit after tax in its half-year results, helped by overseas expansion and affiliate performance fees with further international deals in the pipeline.
