Overall Retail Managed Funds at the end of September totalled $946.4bn, up 10.7% over the past year. The latest quarter saw a modest rise of 1.3% thanks to positive performances on underlying investment markets but reported Net Flows were slightly negative. Unfortunately, since then there has been a significant and, as of publication date, ongoing, correction on stock markets that has seen them shed 10% or more in value to wipe out all of the past year’s gains.
All major participants in the Retail market posted increases in funds led by netwealth (39.1%), off a low base, Macquarie (16.7%), Mercer (9.1%), BT (8.7%) and Commonwealth / Colonial (8.1%).
Source: Strategic Insight (Plan For Life)
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