Overall Retail Managed Funds ended the year to March up 5.5% to total $945.2bn. During the March quarter they rebounded 5.7% as underlying global investment markets recovered from their late 2018 sell-off.
Over the past year almost all leading companies posted increases in their funds under management led by the double digit percentage growth rates reported by netwealth and Macquarie. Mercer, Commonwealth / Colonial, IOOF, AMP and BT also managed to record some more modest rises in funds under management.
Source: Strategic Insight (Plan For Life)
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