Platforms Rise $26.0bn in Funds Under Management over the year to September 2019

Masterfunds ended the year to 30 September 2019 up 3.0%, or $26.0bn, to total $887.8bn while during the September quarter they declined $4.3bn, or a marginal 0.5%. However, these results were after the once-off transfer of $18.6bn worth of StatePlus Masterfund business to First State Super, a Public Sector Super Fund, adjusted for this the underlying annual and quarterly growth rates are 5.2% and 1.6%.

Investment earnings on underlying assets over the past year accounted for the increase in funds. Year on year while reported Inflows into Masterfunds rose 4.6% to $157.9bn they were exceeded by corresponding Outflows that jumped 16.5% to $164.6bn.

Source: Plan For Life

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