Retail Managed Funds ended 2015 on a positive note, up 4.5% during the December quarter.
The 2015 calendar year was one of solid consolidation with total funds under management increasing by 7.5% to $748.8bn. Half this growth was as a result of positive, but at times rather jittery, investment earnings on underlying markets that are still underpinned by unprecedented low interest rates. While subsequently markets then turned south in early 2016 they have since recovered indicating just how uncertain investment conditions are at present. All leading companies reported increases in their Retail funds under management with some of the better performances recorded by Macquarie (38.5%), AMP (6.3%), BT (6.2%), Commonwealth / Colonial (5.7%), Perpetual (4.8%) and Mercer (3.8%). It should be noted the large jump in Macquarie funds recorded in the December quarter was mainly due to an internal transfer of $10.4bn into the Macquarie Wrap Solutions platform of assets they previously managed outside of their reported Retail business.
Source: Plan For Life