Retail Managed Funds at the end of September totalled NZ$254.4bn, jumping 18.5% over the past year due to a combination of buoyant investment earnings and an overall net fund inflow. Most companies reported increased funds under management including market leaders Milford (36.4%), ASB (15.1%), ANZ (5.3%), Fisher (9.0%), BT/Westpac (8.4%) and NZX/Smartshares (16.9%).

Reported Gross inflows rose significantly up 21.9% over the past year to total NZ$56.4bn. Milford (75.5%), ASB (16.8%), BT/Westpac (18.3%), NZX/Smartshares (25.9%), FirstCape (24.6%), FundRock (43.1%) and Generate (34.1%) posted some double-digit percentage jumps in annual inflows along with smaller player Kernel (91.6%). On the other hand those reported by ANZ (-26.5%) declined over the past year.

Source: Plan For Life

Download Media Release: PFL Media Release - New Zealand Sep25

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