Wholesale Funds $26.2bn Growth in during Dec-14 Quarter
/Wholesale Funds increased another 3.5% during the December quarter to $765.4bn while over the whole of the 2014 calendar year they were up 10.2% with circa two thirds of this rise being due to the solid, albeit at times bumpy, performances of the underlying investment markets.
Most of the leading Wholesale fund managers reported significant growth with UBS (25.3%), National Australia / MLC (19.2%), Vanguard Investments (15.6%) and Perpetual (14.2%) achieving the highest rates.
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