Retail Managed Funds ended the 2016/17 financial year up by 10.3% to total $845.9bn; in the June quarter they increased 2.1%. Buoyant investment market performances over the past twelve months were responsible for circa 70% of this solid growth.
All of the major companies reported increases in their Retail funds under management with some of the largest in percentage terms being recorded by netwealth (52.3%), Macquarie (20.8%), Mercer (12.5%), AMP (11.4%), Commonwealth / Colonial (10.3%) and BT (10.2%).
Source: Strategic Insight (Plan For Life)
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