$11.0bn Fall in Retail Managed Funds during June Quarter 2015

Retail Managed Funds ended the 2014/15 financial year up strongly by 10.1% to total $730.3bn despite experiencing a 1.5%, $11.0bn, set back during the latest June quarter.

Good performances on investment markets over the past twelve months were responsible for two thirds of the increase. Companies to report some of the largest percentage increases in their Retail funds under management included Macquarie (14.2%), BT (11.9%), AMP (10.0%), Commonwealth / Colonial (9.7%), IOOF (8.8%) and National Australia / MLC (8.1%).

Source: Plan For Life

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