Retail Managed Funds ended the 2018/19 financial year up 4.2% to total $973.1bn; in the June quarter they increased by 3.2%. Buoyant investment market returns over the past couple of quarters were responsible for this growth following the share market correction that happened in late 2018.
Most of the major companies reported at least some increase in their Retail funds under management with the best in percentage terms recorded by netwealth (29.1%) and it was then distantly followed by IOOF (5.1%), Commonwealth / Colonial (4.3%) and Mercer (3.9%).
Source: Plan For Life
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