Wholesale Funds grew by 3.3% during the June 2018 quarter to $1,135.8bn bringing the overall increase for the past year to 16.5% on the back of both solid investment earnings and positive net Fund Flows.
Vanguard, State Street, AMP, Challenger and BlackRock all reported double digit percentage increases in their Wholesale funds under management. Please note the triple digit Vanguard growth rate is largely due to the recent inclusion of their Separately Managed Accounts Institutional business for which we are currently seeking more history; once this is included their actual calculated growth rate will be lower although still strong.
Source: Strategic Insight (Plan For Life)
Download Media Release: SI PFL Media Release Wholesale 618