Overall Wholesale Funds at the end of March totalled $799.6bn, down by 4.5% over the past year. Lower reported Inflows not offset by an equivalent drop in Outflows and continuing volatility on underlying investment markets saw Wholesale Funds fall 3.0% during the latest quarter.
All of the Wholesale sub-markets ended the last twelve months lower with the two main ones Wholesale Institutional and Wholesale Investment declining by 5.3% and 3.6%. Among the leading managers only AMP and Challenger reported any growth in their Wholesale business.
Source: Plan For Life
Download Media Release: PFL Media Release Wholesale 316