$5.4bn Growth in Wholesale Funds during December Quarter 2016

Wholesale Funds increased only slightly by 0.6% during the December quarter to $917.8bn while over the whole of the 2016 calendar year they were up 4.8% with over 90% of this increase due to the generally positive, first quarter aside, performances on underlying investment markets.

Among the leading Wholesale fund managers AMP (34.4%), State Street (14.5%), Challenger (8.6%) and Commonwealth / Colonial (6.0%) reported above average growth rates however UBS (-29.7%) reported a significant fall in business.

Source: Strategic Insight (Plan For Life)

Download Media Release:  SI PFL Media Release Wholesale 1216