Overall Wholesale Funds at the end of September totalled $997.9bn, a cumulative increase of 8.6% over the past year with 2.4% occurring in the latest quarter. Investments earnings were responsible for circa 70% of this growth with underlying markets posting positive results; at the publication date markets continue to perform strongly.
Wholesale managers recording above average funds growth were UBS, Commonwealth / Colonial, National Australia / MLC, Challenger, AMP, Vanguard and Victorian Funds Management.
Source: Strategic Insight (Plan For Life)
Download Media Release: SI_PFL_Media_Release_Wholesale_917