The asset manager has launched the Barrow Hanley Global Share Fund as an active ETF. Perpetual Asset Management Australia this week announced the launch of a new global equities active ETF on the ASX
The asset manager has launched the Barrow Hanley Global Share Fund as an active ETF. Perpetual Asset Management Australia this week announced the launch of a new global equities active ETF on the ASX
Perpetual eyes international growth
Perpetual eyes international growth
Perpetual s Australian asset management business took a slight hit through the December quarter, but the group is optimistic about its potential for international growth following its two recent US acquisitions.
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Perpetual’s total assets under management (AUM) was $89.2 billion as at 31 December, following the completion of its purchase of US investment manager Barrow Hanley, Mewhinney & Strauss (Barrow Hanley) in November.
But Perpetual Asset Management Australia’s total AUM of $22.7 billion was down 2 per cent in the quarter, to $22.7 billion. There were net outflows of $1.7 billion primarily driven by an outflow of $1.7 billion from a low margin institutional enhanced cash mandate.
Perpetual sets sights on international expansion 25 January 2021
Perpetual took a slight hit in Australia through the December quarter, but the company has forecast further international growth following its two recent US acquisitions.
Perpetual’s total assets under management (AUM) was $89.2 billion as at 31 December, following the completion of its purchase of US investment manager Barrow Hanley, Mewhinney & Strauss (Barrow Hanley) in November.
But Perpetual Asset Management Australia’s total AUM of $22.7 billion was down 2 per cent in the quarter, to $22.7 billion. There were net outflows of $1.7 billion primarily driven by an outflow of $1.7 billion from a low-margin institutional enhanced cash mandate.