Latest Funds Management News

Muzinich BDC Income Fund - Active ETF will pay a $0.17 per-unit September distribution and is targeting the same monthly payout through August 2027. The proposed run-rate implies an indicative annualised yield of 10.45%, although the payments remain targets and may vary.

Metrics Real Estate Multi-Strategy Fund units have been suspended at the fund’s request after its responsible entity warned that the final audited 2026 financial report may differ materially from figures released in August. The report is expected on 30 September.

Marlin Global’s portfolio fell 6.3% before fees and tax in FY26 while its benchmark gained 30.5%, producing a NZ$17.3 million net loss. The Fisher Funds-managed vehicle is responding with broader sector coverage, faster portfolio turnover and an expanded research team.

Barramundi Limited (NZX:BRM) has reported the worst performance in its 20-year history, with a NZ$42.9 million net loss and a 17.0% fall in gross portfolio performance. The board is reviewing Fisher Funds’ management performance just weeks before its five-year agreement comes up for renewal.

Mt Malcolm Mines has moved closer to an integrated gold development model, combining a maiden 13,200-ounce resource with ownership of major 500,000-tonne-per-year processing plant components. The shift came with a $1.639 million loss, $1.445 million of operating cash outflows and a warning that further working capital is likely to be required within 12 months.

Global X China Tech ETF reported an AUD15.727 million profit for the year ended 30 June 2026, powered by gains in listed Chinese technology investments. But the fund disclosed that its net asset value has since fallen by more than 10%, leaving the audited result looking increasingly historical.

The Australian Wealth Advisors Group Ltd (ASX:WAG) has replaced its unaudited FY2026 result with audited accounts showing $1.21 million in profit before tax and $889,469 after tax. The result comes as AWAG exits CHPW, expands its advisory investments and lifts its authorised representative target to about 150 by December.

Financial Income Fund delivered a 6.78% net return in the year to 30 June 2026, beating its hybrid securities benchmark by 0.92 percentage points. The audited report also records the launch of an ETF class, higher distributions and a shift away from convertible notes.

The ACCC has determined that I Squared Capital's proposed acquisition of oOh!media may proceed by scheme of arrangement, removing a major regulatory condition. Approval from Australia's FIRB, New Zealand's OIO and oOh!'s shareholders is still required before completion.

Lowell Resources Fund has secured $3.207 million through its Security Purchase Plan, taking total new units issued across its August capital raising to about 7.5 million. The announcement also contains a material mismatch between the stated placement proceeds and the reported combined fundraising total.

WAM Capital reported a 10.5% decline in investment portfolio performance for FY2026, but retained its full-year dividend at 15.5 cents per share. The listed investment company is targeting an 8.0-cent dividend for FY2027, backed by a profits reserve of 5.7 cents per share after the latest payout.

First Sentier Active Cash Fund reported a 56.9% rise in operating profit to $29.1 million for the year ended 30 June 2026, while net assets nearly doubled to $964.1 million. The fund also began trading on the ASX as FSCF during the year, but distributions per unit fell to 4.10 cents from 4.41 cents.