Platforms Decrease $2.7bn in Funds Under Management over the year to March 2016
/Masterfunds ended the year to March 2016 little changed, down only a relatively marginal 0.4% to total $668.7bn. During the March quarter they fell $12.0bn, or 1.8%, in part due to generally lacklustre performances on Australian and overseas stock markets that have not improved very much subsequently.
Annual Inflows into Masterfunds of $130.7bn fell 12.5% on the previous year's $149.3bn while corresponding offsetting Outflows also decreased by 9.2% from $122.2bn to $110.9bn, as a result there was a 27.2% drop in Net Fund Flows from $27.1bn to $19.7bn.
Source: Plan For Life
