$12.8bn Fall in Retail Managed Funds during March Quarter 2016
/Overall Retail Managed Funds ended the year to March little changed, only marginally down by 0.7% at $745.1bn.
During the March quarter they declined 1.7% with around half this fall due to investment markets, which remain volatile and directionless, reversing part of the strong performance they experienced in the December quarter. Over the past year virtually all of the leading companies reported modest reductions in their funds under management however, as previously mentioned, an exception was Macquarie up 19.7% due to the $10.4bn internal transfer last quarter into their Wrap Solutions platform of assets previously reported outside of Retail business.
Source: Plan For Life
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