Perpetual has suffered a slide in funds under management, despite picking up a new institutional Australian equities mandate.
The fund manager has announced to the Australian Securities Exchange (ASX) today that funds under management as at 31 May stood at $27.5 billion, including net inflows of $100 million from an institutional client in Australian equities.
The company said funds under management as at 30 April, 2010, had stood at $29 billion.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
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