$52.7bn Increase in Retail Managed Funds reported during December 2023 Quarter
/Retail Managed Funds rose 4.9% in the December quarter to $1,120.2bn while over the whole of 2023 they finished up 7.7% due to increases in the market values of their underlying assets.
HUB24 (29.7%), netwealth (24.4%), Macquarie (14.7%), Praemium (9.6%), along with market leader Insignia (7.3%), reported increases in their Retail Funds, while by contrast those of BT (-18.1%) and AMP (-8.2%) both fell. Mercer (129.3%) saw its funds under management more than double after acquiring all of BT's superannuation business (excluding the Panorama platform).
Source: Plan For Life
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