Wholesale Funds grew by 4.9% during the June quarter to $1,197.5bn. The overall increase for the past year was 5.1% thanks solely to some solid investment earnings in the first half of 2019 following the market sell-off that occurred in late 2018.
Both market leaders Vanguard (30.6%) and State Street (9.5%) along with Pendal (16.8%) reported significant increases in their Wholesale funds under management.
Source: Plan For Life
Download Media Release: PFL_Media_Release_Wholesale_619