$15.3bn Increase in Wholesale Funds during March 2023

Overall reported Wholesale Funds totalled $1,299.7bn, which was down 4.6% over the past year after increasing by 1.2% during the March quarter.

Challenger (30.5%) recorded a very significant jump however it should be noted that circa $10.4bn, or slightly less than half this increase was due their inclusion of previously unreported business. On the other hand both Insignia (-11.2%) and Pendal (-7.6%) reported some decreases in their Wholesale funds under management meanwhile the rest saw only relatively modest to little changes by comparison including in particular market leader State Street (-0.2%).

Source: Plan For Life

Download Media Release: PFL Media Release Wholesale 323