Overall Retail Managed Funds ended the year to March up 7.5% to total $893.3bn. During the March quarter they declined 1.4% partly due to negative performances on underlying investment markets.
Over the past year all of the leading companies reported increases in their funds under management led by netwealth, Commonwealth / Colonial and Macquarie while AMP, BT, IOOF, Mercer and National Australia / MLC also reported some modest growth.
Source: Strategic Insight (Plan For Life)
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