$50.8bn Growth in Retail Managed Funds during December Quarter 2017
/Retail Managed Funds ended 2017 strongly, jumping 5.9% during the December quarter. The full 2017 calendar year saw total Retail funds under management increasing by 11.4% to $905.7bn. Almost two thirds of this growth was as a result of buoyant investment returns on equity markets underpinned by unprecedented but still continuing global low interest rate environment. However recently markets have shown signs of taking a breather with at time of writing the Australian All Ordinaries down circa 2% and even the high flying US stock market is 4% off its late January all time high although it remains over 2% higher than at the end of 2017.
All of the major companies reported increases in their Retail funds under management with some of the best performances recorded by Macquarie (14.2%), Commonwealth / Colonial (10.9%) and BT (8.4%). Meanwhile mid-sized player netwealth (55.1%) managed to chalk up yet another year of significant double digit growth during 2017 after averaging 30% plus over each of the previous 5 years.
Source: Strategic Insight (Plan For Life)
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