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05 December 2024 • By InvestorDaily team • 1 min read

Magellan sees modest growth in FUM in November

Magellan Financial Group has reported a slight pick-up in its funds under management (FUM) in November. In a monthly update to the ASX, the fund ...

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New fee structures for diploma-qualified advisers shake up financial advice profession

Superannuation funds, insurers, banks and advice practices that opt to hire diploma-qualified advisers will have two options for charging fees for the ...

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Earnings gap between Magnificent 7 and other stocks expected to narrow, says fund manager

The earnings gap between the Magnificent Seven – the largest companies in the S&P 500 – and other stocks is projected to narrow over the next few ...

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This fund is on track for $500bn by 2030, according to Morningstar

The country’s second largest fund has a strong enough investment team to warrant continued conviction, a research house has said. Australian ...

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Nuveen brings US private credit income strategy Down Under

The global asset manager is providing wholesale investors with exposure to the benefits of private capital, which has historically only been available ...

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ASIC launches consultation on updates to digital and crypto asset guidance

The corporate regulator is seeking feedback on proposals to update its Information Sheet 225 Crypto Assets. The Australian Securities and ...

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BlackRock expands alts footprint with $18bn acquisition

The wealth giant has announced an $18 billion deal to acquire a leading US-based private credit manager, marking its third major alternatives deal ...

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Long-standing equities exec departs Tyndall AM

Brad Potter, who has helmed Australian equities at Tyndall Asset Management for the last decade, has announced his retirement from the business

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Prime Super unveils revamped leadership team

Prime Super has announced new additions to its executive team, saying the retirement of two long-serving executives has presented an opportunity to ...

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Government spending props up economy amid stalled private sector

Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending

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