Managed funds grew FUM by 14.2% in the last 12 months, with AMP, Macquarie, Perpetual, Commonwealth/Colonial in the lead

Managed funds grew FUM by 14.2% in the last 12 months, with AMP, Macquarie, Perpetual, Commonwealth/Colonial in the lead. Financial Standard: The latest figures from Plan For Life show that overall retail managed funds ended the year to March up 14.2% to total $657.8bn. Macquarie (up 45.5%), Perpetual (20.6%), Commonwealth / Colonial (16.8%), AMP (15%), BT (12.5%) and National Australia Bank / MLC (11.8%) led the growth on the retail side. On the wholesale side, funds at the end of March totalled $642.5bn, jumping by 21.3% over the past year. Institutional wholesale business continued to shine; up by 28.7% over the past year to now claim 54.6% of the overall wholesale market. State Street Global Advisors (up 34%), MFS Investment Management (30.9%), National Australia Bank / MLC (24.5%), Commonwealth / Colonial (21.6%), Challenger (20.1%), Franklin Templeton Investments (19.7%), Perpetual (17.6%) and Vanguard (14%) all reported double-digit annual growth-rates. (VIEW LINK)