$15.6bn Growth in Retail Managed Funds during December Quarter
/Retail Managed Funds rose slightly by 1.1% in the December quarter to $1,424.1bn. Over the full year, they increased by 10.2%, largely driven by higher underlying asset values.
Market leader Insignia (7.4%) saw an increase in its funds under management as did other leading players including Colonial (8.1%), Macquarie (3.5%), BT (6.1%) and AMP (10.6%) while notably stronger growth was recorded by HUB24 (29.4%) and netwealth (23.2%).
Source: Plan For Life
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