New Zealand Retail Managed Funds Rise NZ$3.6bn during December Quarter 2022

New Zealand Retail Managed Funds rose 2.4% in the December quarter however over the whole of the 2022 calender year they decreased by 7.8% to NZ$151.1bn thanks to falls in the market values of their underlying investments. While global markets have subsequently bounced back nevertheless they remain vulnerable as governments continue to raise interest rates in an effort to rein in inflation caused by years of now discredited reckless and nonsensical ultra loose monetary policy.

All the leading companies reported decreases in their Retail funds under management with in particular some above average percentage falls recorded by AMP (-13.0%), Mercer (-12.1%) and Fisher (-12.1%).  Meanwhile Gross Inflows during 2022 totalling NZ$30.8bn finished down by almost a third or 31.3% after dropping 20.5% during the December quarter.

Year on year while market leader ANZ (2.3%) reported a slight Inflows increase those of the other participants all finished lower with some of the largest percentage falls recorded by Simplicity (-59.2%), Fisher (-50.1%), BNZ (-48.4%), Milford (-41.1%), AMP (-38.3%) and Booster (-35.4%).

Source: Plan For Life

Download Media Release: PFL Media Release - New Zealand Dec22