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)


Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.