While Pendal Group News Today

Pendal’s Transformational Shift Into Value May 11 2021 Completely overshadowing Pendal Group’s result, revelations the company is fully acquiring US-based fund manager Thompson, Siegel & Walmsley consummates management’s long-standing desire to add global value funds -US acquisition to be double-digit EPS accretive -Rebound in investment performance across UK/EU expected to enhance performance fee prospects -FUM attrition risk could undermine EPS accretion -100% acquisition of TSW fundame...

10:00 AM Weekly Broker Wrap: Oz Fund managers mixed fortunes; inflation jitters unwarranted; media rides ad recovery; Oz housing continues strengthening -ASX-listed fund managers trading at a -30% discount to all industrials -Australian companies have cited a stronger inflation pulse in recent weeks -Corporates believe rising costs can be mitigated early in cycle without impacting profitability -Regional houses have stronger growth than capital cities in annual terms at 13.0% By Mark Story Oz...