Magellan Financial Group is hopeful new managing director Sophia Rahmani will help steady the ship, as it sharpens its focus on the US and reports a 24% increase in statutory net profit after tax despite plummeting funds under management.
The iShares Core S&P/ASX 200 ETF recorded net outflows of more than $1 billion. The assets under management of the Australian ETF industry dipped 0.2 per cent or $0.3 billion in August to $130.0 bill
Australian ETFs have recorded their strongest net inflows in nine months. After suffering three months of declines, the assets under management (AUM) of Australia’s ETF industry rose by 4. 8 per c