Platforms' Funds under Management rose $100.3bn over the year to March

Masterfunds ended the year to March up 8.5% to total $1,286.1bn due to a combination of investment earnings and positive net fund flows. Year on year reported Inflows and Outflows both finished higher up by 16.7% and 15.0% to total $241.8bn and $197.0bn respectively resulting in an overall Net Inflow of $44.8bn.

All the leading companies recorded increases in their Masterfund business including market leaders Insignia ($234.9bn up 6.0%), Colonial ($163.4bn up 6.1%), Macquarie ($155.9bn up 1.3%), BT ($147.6bn up 4.3%) and AMP ($144.4.bn up 8.4%) along with in particular HUB24 ($127.8bn up 24.7%) and netwealth ($124.6bn up 20.6%) that both posted significant double digit percentage growth.

Source: Plan For Life

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