BetaShares surpasses $1 billion in funds under management

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BetaShares, a leading Australian ETF provider, has surpassed $1 billion in funds under management (FUM), three and a half years after launching its first products in the Australian market. BetaShares launched its first ETF in December 2010, and has since become the fastest-growing local provider of exchange traded funds, with 13 different products currently available […]

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CFS FirstChoice Lifestage achieves $1 billion in FUM

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Over $130 million per month in flows to MySuper Colonial First State (CFS) has announced that FirstChoice Lifestage has reached $1 billion in funds under management, achieved in less than 300 days since its inception in June 2013. FirstChoice Lifestage is CFS’s flagship MySuper product, after CFS was the first retail fund in Australia to […]

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BetaShares Australian ETF Review November 2013: The industry continues to rise and rise

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The Australian exchange traded fund (ETF) market continued its 18th consecutive month of growth in November, reaching a new record high of $9.6 billion in funds under management, according to BetaShares’ November ETF Review. ETF industry assets grew 3.2% ($297 million) in November with the bulk of the growth ($210 million) attributable to new money rather […]

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Acquisition pushes HPT FUM over $500 million

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The Australian Unity Healthcare Property Trust (HPT) will shoot through the $500 million in funds under management mark, with the acquisition of a medical technology facility at 8 Herbert Street, St Leonards, New South Wales for $38.5 million, says Chris Smith, Australian Unity’s head of healthcare and retirement property funds. HPT is an unlisted property […]

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Lonsec releases its Large Cap Australian Equity Sector Review

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Lonsec’s review of the Large Cap Australian Equity Fund sector encompassed 36 active funds within the peer group considered “mainstream” funds. Of these, 10 attained Lonsec’s top rating, Highly Recommended, including the Integrity Australian Share Fund, Ausbil Australian Active Equity Fund and Solaris Core Australian Equity Fund. Five new funds were added to Lonsec’s Large […]

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LUCFR Super awards Aviva Investors $51.5m T250 Bond Fund mandate

Aviva Investors today announced it has been awarded a $51.5m T250 Bond Fund mandate by national pension fund, Labour Union Co-operative Retirement Fund (LUCRF). LUCRF Super is Australia’s first industry super fund, with over 184,000 members and more than $2.8 billion in funds under management. Launched in July 2009 as part of Aviva Investors absolute […]

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Major merger reshapes super landscape

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Landmark consolidation move as AustralianSuper, Westscheme merge In one of the most significant moves in the superannuation industry, AustralianSuper, Australia’s largest industry fund, and fellow industry player, the 200,000-plus member WA-based Westscheme, today announced that they plan to merge. To take effect on 30 June 2011, after the completion of the due diligence process, the […]

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Zenith 2011 Small Cap Australian Equities Review Rates 12 Funds ‘Recommended’

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Zenith Investment Partners Pty Ltd (Zenith) Investment Analyst Angela Burmeister has announced the completion of the Small Cap Australian Equities Review, and confirmed from a base of 44 funds, 3 were rated HIGHLY RECOMMENDED and 9 RECOMMENDED. Two new funds were added to Zenith’s Recommended List, and one fund was upgraded to Highly Recommended. Also, […]

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MLC purchases balance of Meritum Financial Group

MLC today announced the purchase of the remaining equity in financial advice business, Meritum Financial Group. MLC acquired a minority ownership stake in Meritum as part of its acquisition of Aviva Australia in 2009 and has now increased its ownership to 100 per cent. Richard Nunn, MLC’s Executive General Manager of Advice & Marketing said, […]

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Zenith Launches its Model Portfolios on the Linear Managed Account Platform

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Zenith Investment Partners (Zenith) has launched a suite of five diversified, multi-manager model portfolios on the Linear Managed Account platform. The models, which operate under a managed investment scheme structure, are actively managed by Zenith on behalf of clients to ensure that the funds held in the portfolios and their weightings remain optimal over time. […]

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