$40.6bn Fall in Retail Managed Funds during March Quarter
/Retail Funds at the end of March totalled $1,383.8bn after declining by 2.8% in the latest quarter while over the past year they were up 8.0% due to positive investment earnings and fund inflows.
All the leading companies posted increases in business including in particular HUB24 (24.7%) and netwealth (20.5%) with both recording double digit percentage growth. Market leader Insignia (6.1%), Colonial (6.1%), BT (4.1%), AMP (8.4%), Mercer (8.0%), Praemium (7.4%) and Challenger (12.3%) also all finished higher.
Source: Plan For Life
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