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....
The super and investment services platform has reported underlying profit growth, despite a spike in outflows across both its FUA and FUM portfolios. ...
Lazard Asset Management has reduced the management fee on two of its Australian equity funds for institutional and retail clients....
Net outflows of approximately $1.5 billion have contributed to a 24% fall in the wealth management company’s net profits....
A quarterly analysis of Australian equity funds found those with responsible investment principles were outperformed by those holding energy and materials stocks. ...
The ASX-listed investment and superannuation platform has recorded a 13.6% decline in its net inflows over its latest reporting period. ...
According to BetaShares, the ETF industry will bounce back in 2023 after a year of market decline....
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. ...
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....
High yield could be seen as a relatively lower risk option on an eventual recovery ahead of equity returns, says a top investment executive....
ASIC has pinpointed five managed funds that need to improve their marketing oversight....
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. ...
Magellan fund managers have outlined which global stocks have helped and hindered its $9.4 billion Magellan Global fund over the last 12 months....
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....
After starting 2022 in a resilient place, Australian equity funds were propping up the bottom of the performance tables last month....
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...
increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...