$18.2bn Increase in Wholesale Funds during September 2020 Quarter
/Wholesale Funds at the end of September totalled $1,138.5bn, up $18.2bn or 1.6% over the quarter. Over the whole of the past year they were down 4.0% with both Net Flows and investments earnings negative.
Most Wholesale managers saw their funds under management decline although BlackRock (14.3%), and Challenger (9.2%) managed to report a couple of substantial increases. Meanwhile the two Wholesale market leaders were mixed with State Street (1.9%) slightly higher however Vanguard (-9.9%) was lower.
Source: Plan For Life
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