Platforms' Reported Funds Under Management Rise by $78.4bn in 2023
/Platforms' Reported Funds Under Management Rise by $78.4bn in 2023
Read MoreLatest media releases covering Australia Retail and Wholesale, Investments and Superannuation, ETFs, Life Insurance, Risk Markets and NZ Kiwisaver.
Platforms' Reported Funds Under Management Rise by $78.4bn in 2023
Read MoreWholesale Funds rose by $67.0bn during the December 2023 Quarter
Read More$52.7bn Increase in Retail Managed Funds reported during December 2023 Quarter
Read MorePlatforms’ Reported Funds Under Management Rose by $54.5bn over the year to September 2023
Read MoreWholesale Funds Fell by $12.8bn during September 2023 Quarter
Read MoreRetail Managed Funds Decreased by $21.2bn during September 2023 Quarter
Read MorePlatforms' Reported Funds Under Management rose by $66.9bn over the year to June
Read More$232.8bn Jump in Reported Wholesale Funds during June 2023 Quarter
Read MoreRetail Managed Funds Increased by $24.7bn during June 2023 Quarter
Read MoreMasterfunds ended the year to March 2023 a little lower down 1.9% to $982.5bn as global investment markets recovered in the last six months to finish fairly flat. This was despite central banks ending an unprecedented era of ultra-low interest rates as they normalise their monetary policies in an effort to control inflation. Year on year Inflows declined 5.9% to $164.7bn but they still significantly exceeded Outflows that rose 3.2% from $145.8bn to $150.5bn resulting in a $14.2bn overall Net Inflow.
The Top 4 Insignia ($198.5bn down 4.2%), BT ($162.6bn down 7.1%), Commonwealth / Colonial ($137.4bn down 4.5%) and AMP ($134.0bn down 6.8%) all experienced decreases in funds under management. However all the other leaders finished higher with netwealth ($65.9bn up 14.4%) and HUB24 ($59.4bn up 16.5%) both reporting double digit percentage growth while Macquarie ($121.9bn up 3.8%), Mercer ($30.5bn up 4.8%) and Praemium ($21.7bn up 4.9%) also recorded increases.
Source: Plan For Life
Download Media Release: PFL Media Release Platform Wrap 323
$15.3bn Increase in Wholesale Funds during March 2023
Read More$30.7bn Growth in Retail Managed Funds during March 2023 Quarter
Read MorePlatforms’ Reported Funds Under Management Fell by $74.8bn in 2022
Read MoreWholesale Funds rose by $51.3bn during the December 2022 Quarter
Read More$35.0bn Increase in Retail Managed Funds reported during December 2022 Quarter
Read MorePlatforms' Reported Funds Under Management Fell by $73.8bn over the year to September 2022
Read MoreWholesale Funds Fell by $17.7bn during September 2022 Quarter
Read MoreRetail Managed Funds Declined Slightly by $4.5bn during September 2022 Quarter
Read MorePlatforms - Reported Funds Under Management fell by $43.6bn over the year to June 2022
Read More$102.3bn Drop in Wholesale Funds during June 2022 Quarter
Read MoreLeading financial services researcher covering Managed Funds, Retirement and Life Insurance in Australia.
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