$22.9bn Fall in Wholesale Funds during September Quarter 2015
/Overall Wholesale Funds at the end of September totalled $796.6bn, a cumulative increase of 7.4% over the past twelve months. However volatile investment markets caused the last year to be a tale of two halves with the first half experiencing significant increases in fund values which were then partially offset by falls in the 2nd half.
Quarter by quarter total reported Wholesale funds were up 3.6%, up 8.9%, down 2.1% and down 2.8%; at publication date markets remain choppy and directionless. Many Wholesale managers recorded increases in business led by AMP, UBS, BlackRock, MFS, National Australia / MLC, Vanguard and State Street.
Source: Plan For Life
