Wholesale Funds Grow by $11.1bn during the 2019 December Quarter

Wholesale Funds rose slightly by 0.9% during the December quarter to $1,232.1bn while over the whole of 2019 they were up 14.4%. However subsequently stock markets worldwide have experienced significant corrections and volatility as a result of the corona virus pandemic and the shutdown/isolation quarantine protocols being taken to slow and hopefully reduce its spread. At present the markets are down by around a quarter since start of the year and are very unstable and likely to remain highly unpredictable and volatile for months until this pandemic is brought under control.

All of the major Wholesale managers reported increases in their funds under management including market leaders State Street (24.3%), Vanguard (43.9%) and BlackRock (12.7%) meanwhile Pendal (17.2%), National Australia / MLC (8.5%) and UBS (8.2%) also posted strong to solid growth in their Wholesale business.

Source: Plan For Life

Download Media Release: PFL_Media_Release_Wholesale_1219