Overall Wholesale Funds at the end of March totalled $1,098.9bn. Year on year a combination of positive underlying investment earnings together with lower Outflows and consequent increased net Inflows drove the Wholesale Funds market higher by circa 7%. Note the balance of the headline 14.9% annual growth rate shown in the table below is due to the inclusion of over $71bn of previously unreported Institutional Wholesale business by Vanguard Investments for which we only have two quarters of history at this stage.
All of the Wholesale sub-markets ended the last twelve months higher with both of the main Wholesale Institutional (adjusted for Vanguard inclusion) and Wholesale Investment markets up by 7.5% while the much smaller Wholesale Super & Pensions market also increased but by a more modest 3.1%. Most of the leading managers reported growth in their Wholesale business led in percentage terms by Vanguard of course along with AMP, State Street, Challenger and BlackRock.
Source: Strategic Insight (Plan For Life)
Download Media Release: SI PFL Media Release Wholesale 318