$24.9bn Growth in Retail Managed Funds during September Quarter 2016
/Overall Retail Managed Funds at the end of September totalled $791.9bn, which was up 8.3% over the past year.
The September quarter saw funds increase 3.2% building on the 2.1% rise recorded in the June quarter on the back of positive performances being experienced by the underlying investment markets. Among the leading companies Macquarie (36.2%), Commonwealth / Colonial (7.3%), Mercer (6.9%), BT (6.6%), Perpetual (5.5%), and AMP (5.4%) reported some of the highest annual growth rates with the rest not all that far behind as all major participants in the Retail market posted increases in business.
Source: Strategic Insight (Plan For Life)
