Overall Retail Managed Funds at the end of September totalled $855.5bn, which was up 8.2% over the past year. The latest quarter however saw only a fairly modest increase of 0.8% due entirely to the continuation of positive performances on underlying investment markets that currently still remain strong at publication date.
Virtually all of the major participants in the Retail market posted increases in business led by netwealth (48.9%), off a lower base, Macquarie (19.6%), AMP (8.9%), Commonwealth / Colonial (8.7%), Mercer (6.8%), BT (6.0%), IOOF (5.8%) and National Australia / MLC (5.6%).
Source: Strategic Insight (Plan For Life)
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