$32.4bn Growth in Retail Managed Funds during December 2021 Quarter
/Retail Managed Funds rose 3.0% in the December quarter to $1,114.0bn so that over the whole of 2021 they were up 15.2%. Continued strong investment earnings were responsible for over 70% of the growth. Meanwhile global stock markets still remain vulnerable to a long overdue sustained bear market correction as governments now start to grapple with reining in newly reignited inflation problems caused by many years of "loose/cheap" monetary policy.
All of the leading companies reported increases in their Retail Funds in 2021. In particular Insignia Financial (175.4%), which is the new name of IOOF, and HUB24 (127.6%) saw their Retail Funds more than double in size due to their respective acquisitions of MLC and Xplore. Meanwhile netwealth (45.6%), Praemium (28.3%) and Macquarie (24.6%) also all finished substantially higher.
Source: Plan For Life
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