FUNDS

Funds management

Statutory net profit after tax at Magellan has declined 67% while performance fees declined from $11.5m to $0.1m, as the firm announces its first-half results for FY23....

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Financial planning

The super and investment services platform has reported underlying profit growth, despite a spike in outflows across both its FUA and FUM portfolios. ...

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Funds management

Lazard Asset Management has reduced the management fee on two of its Australian equity funds for institutional and retail clients....

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Funds management

Net outflows of approximately $1.5 billion have contributed to a 24% fall in the wealth management company’s net profits....

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Funds management

A quarterly analysis of Australian equity funds found those with responsible investment principles were outperformed by those holding energy and materials stocks. ...

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Funds management

The ASX-listed investment and superannuation platform has recorded a 13.6% decline in its net inflows over its latest reporting period. ...

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Funds management

According to BetaShares, the ETF industry will bounce back in 2023 after a year of market decline....

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Funds management

The Australian ETF industry experienced a $3.2 billion decline in total industry size during 2022, despite the record-breaking 52 launches, according to BetaShares. ...

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Funds management

Despite a tumultuous year for equity markets, GQG has ended the year at nearly 96% of the level of funds under management at which it began....

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Funds management

High yield could be seen as a relatively lower risk option on an eventual recovery ahead of equity returns, says a top investment executive....

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Funds management

ASIC has pinpointed five managed funds that need to improve their marketing oversight....

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Funds management

Yarra Capital Management is looking to raise $100 million for its Yarra Private Capital Discovery fund which will invest in companies prior to their IPO. ...

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Funds management

Magellan fund managers have outlined which global stocks have helped and hindered its $9.4 billion Magellan Global fund over the last 12 months....

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Funds management

Almost 90% of the funds available to Australian investors have failed to make positive returns over the past six months, research by Money Management shows....

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Funds management

After starting 2022 in a resilient place, Australian equity funds were propping up the bottom of the performance tables last month....

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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