$17.4bn Increase in Wholesale Funds during September 2019 Quarter

Wholesale Funds at the end of September totalled $1,217.8bn, up $17.4bn or 1.4% over the quarter. Over the whole of the past year they climbed 7.4% with investment earnings responsible for almost three quarters of this annual growth.

Wholesale managers recording some of the highest fund growth rates included Vanguard, PIMCO, Magellan, State Street, Pendal, DFA and BlackRock. Please note the first time inclusion this quarter of First Sentier Investors, part of the Japanese Mitsubishi Bank Group, which recently acquired Colonial First State Global Asset Management’s $49bn plus worth of Institutional Wholesale business.

Source: Plan For Life

Download Media Release: PFL_Media_Release_Wholesale_919