Overall Wholesale Funds at the end of March totalled $1,141.0bn which was up a modest 3.6% over the past year after underlying global investment markets bounced back from the partial correction they suffered in late 2018. During the March quarter they increased 6.3%.
Most of the largest Wholesale managers reported growth in their business led in percentage terms by Pendal (27.4%), Commonwealth / Colonial (14.2%) and AMP (11.7%) while a couple of mid-sized players in the context of the Australian Wholesale market Magellan (14.4%) and PIMCO (10.0%) also posted double digit percentage increases.
Source: Strategic Insight (Plan For Life)
Download Media Release: SI_PFL_Media_Release_Wholesale_319