$31.1bn Fall in Retail Managed Funds during March 2022 Quarter
/Retail Managed Funds despite declining 2.8% in the March quarter still finished the past year up 8.9% to total $1,083.2bn thanks to solid investment earnings and positive net fund flows. However since the start of 2022 global markets have fallen as central banks reverse course and tighten (or rather begin to normalise) their monetary policies finally ending the era of artificial ultra-low interest rates as they try to control inflation spawned by years of profligacy and the terrible Ukraine war.
All leading companies posted increases in their Retail funds under management led in percentage terms by Insignia (165.1%), due to its acquisition of MLC, HUB24 (43.3%), netwealth (37.1%), Praemium (22.7%) and Macquarie (17.3%).
Source: Plan For Life
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