$159.1bn Growth in Wholesale Funds during June 2021 Quarter

Wholesale Funds jumped 11.9% in the June quarter to total $1,500.6bn and were up by a third or 33.5% over the past year. Strong investment markets in the wake of the 2020 corona virus corrections contributed significantly to this growth.

All leading Wholesale managers reported increases in funds under management in particular AMP (285.8%), IOOF (281.6%), Pendal (66.9%), State Street (54.4%) and Challenger (30.8%). The large AMP and IOOF jumps were due respectively to AMP's inclusion of previously internally invested AMP Group funds after the demerger of AMP Capital and IOOF's MLC acquisition.

Source: Plan For Life

Download Media Release: PFL Media Release Wholesale 621