Platforms Fall $38.4bn in Funds Under Management over the year to June 2020

The overall Masterfund market declined 4.5% over the whole of the 2019/20 financial year to total $824.3bn. During the June quarter it bounced back 6.3% or $48.9bn regaining almost half the loss incurred in the March quarter when worldwide investment markets suffered corrections triggered by the corona virus pandemic. Subsequently while some markets like the US S&P 500 have almost fully recovered others including those in Australia & the UK have not and the situation remains very volatile with the previously high flying US NASDAQ tech index diving 10% in the past couple of weeks.

Reported Inflows into Masterfunds of $164.1bn were up 6.8% but were still exceeded by Outflows that increased by 2.6% to $162.2bn. All Top 4 players recorded reduced funds under management with AMP ($137.4bn down 12.1%), National Australia / MLC ($110.8bn down 7.5%), Commonwealth / Colonial ($108.3bn down 4.1%) and BT ($102.4bn down 1.1%).

Source: Plan For Life

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