Overall Wholesale Funds at the end of March totalled $938.0bn, up 9.0% over the past year. Positive underlying investment earnings together with higher reported Inflows and lower Outflows, resulted in a sharp drop in overall offsetting net Outflows and saw Wholesale Funds grow 2.1% during the latest quarter.
The two main Wholesale Institutional and Investment sub-markets both ended the last twelve months up by 9.6% however the much smaller Wholesale Super & Pensions continued to decline in relevance, down a further 7.0%. Most of the leading managers reported growth in their Wholesale business led in percentage terms by UBS, National Australia / MLC, Challenger, State Street, Victorian Funds Management, BlackRock and Commonwealth / Colonial.
Source: Strategic Insight (Plan For Life)
Download Media Release: SI PFL Media Release Wholesale 317