Retail Managed Funds ended the 2017/18 financial year up 10.1% to total $933.9bn; in the June quarter they increased by 4.3%. Buoyant investment market returns over the past twelve months were responsible for 70% of this solid growth.
All major companies reported increases in Retail funds under management with the best in percentage terms recorded by netwealth (39.4%), Macquarie (14.6%), Commonwealth / Colonial (8.3%), IOOF (8.1%), BT (8.0%), Mercer (7.7%), AMP (6.2%) and National Australia / MLC (5.5%).
Source: Strategic Insight (Plan For Life)
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