Wholesale Funds rose by $51.3bn during the December 2022 Quarter

Wholesale Funds increased by 4.1% in the December quarter to $1,292.3bn. Nevertheless Wholesale Funds finished 2022 down 14.7% overall thanks to falls in the market values of underlying investments and reported Outflows exceeding Inflows. AMP also saw a $100bn drop in its Institutional Wholesale funds after selling most of this business during the March quarter.

In addition to AMP (-61.9%), other Wholesale Fund managers recording double digit percentage funds under management decreases included Insignia (-15.3%), Pendal (-13.9%), Vanguard (-11.7%) and Wholesale market leader State Street (-10.6%). By contrast Challenger (26.7%) finished higher after including an additional $17.5bn of previously unreported internally managed Institutional business and adding some new funds during the December quarter.

Source: Plan For Life

Download Media Release: PFL Media Release Wholesale 1222