$46.3bn Growth in Retail Managed Funds in September Quarter
/Retail Managed Funds totalled $1,398.4bn at the end of September, up 3.4% over the quarter and 11.3% over the past year, supported by solid investment returns and positive net fund flows of $12.0bn during the quarter and $47.2bn over the year.
Among the larger managers, Colonial (10.7%) posted the highest growth closely followed by AMP (10.5%) then Insignia (8.0%), BT (7.9%), and Macquarie (5.2%). Higher growth rates continued to be reported by platform providers HUB24 (33.2%) and netwealth (26.2%).
Source: Plan For Life
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