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05 September 2024 • By InvestorDaily team • 1 min read

Magellan’s FUM continues to seesaw in August

In an ASX statement, Magellan Financial Group reported it had $37.8 billion in funds under management (FUM) as at 30 August, down from $38.4 billion ...

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Private credit, hedge funds help Future Fund climb to record $224.9bn

Allocations to private markets contributed to a strong performance in the 2024 financial year, according to the sovereign wealth fund. The Future ...

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Australia’s slowest GDP growth in decades sustained solely by public spending

Australia’s anaemic GDP growth data shows that government spending is more than compensating for the recession in the private sector. Australia’s ...

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ASIC files for Keystone liquidation

ASIC has applied for Keystone Asset Management to be liquidated, as the Federal Court requests a report detailing the potential returns for any ...

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ESG ETFs see decade-low demand

Demand for ESG ETFs has declined, with Global X reporting the popularity of these funds is at the lowest level since 2014. In its landscape report ...

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‘Golden’ M&A opportunity abound in miners, expert says

Mergers and acquisitions (M&A) activity is likely to continue in the gold sector into 2025, according to an investment specialist. Sector ...

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APAC family offices dump cash allocations amid risk asset rally

Family offices in Asia-Pacific have put their capital to work as risk assets continue to enjoy positive momentum in Q2. Despite being marred by a ...

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Economic growth lowest since 1991–92

Excluding the COVID-19 pandemic period, annual financial year economic growth was the lowest since 1991–92. Australian gross domestic product (GDP) ...

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Mercer Super names new chief

The fund has announced an internal appointment to succeed Tim Barber, who is set to take up a new role at Marsh McLennan. Claire Ross has been ...

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Insignia Trustees welcomes former ASIC commissioner as chair

Insignia Financial has announced the appointment of ex-ASIC commissioner Danielle Press to the board of its superannuation arm, before she takes over ...

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