$12.9bn Rise in Retail Managed Funds reported during December 2019 Quarter
/Retail Managed Funds were up 1.3% during the December quarter to stand at $991.5bn representing for the whole of 2019 a total cumulative increase of 9.7%. That said investment markets have seen very sharp corrections/crashes and extreme volatility triggered by the unprecedented quarantine measures being enacted to try to halt the spread of the corona virus before it becomes an uncontrollable pandemic. Currently the main international stock markets are down by around 25% compared to their 2019 year end levels with all of these falls happening in the past 4 weeks; only a few days ago they were down by a third or more so it would be reasonable to assume all of this upheaval will continue for the foreseeable future.
All of the main companies reported increases in their Retail funds under management during 2019 led by netwealth (49.3%), Xplore (20.2%), IOOF (13.3%), BT (13.1%), Mercer (12.0%), Macquarie (11.4%), and National Australia / MLC (9.5%).
Source: Plan For Life
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