Wholesale Funds Jump $61.4bn during the December 2020 Quarter

Wholesale Funds bounced back by another 5.4% in the December quarter to $1,204.2bn to finish 2020 almost flat, down just 0.1%. While initially in 2020 stock markets worldwide experienced significant COVID-19 triggered corrections they subsequently recovered and have continued to climb higher into the first quarter of 2021.

However, despite the start of vaccination programs, unprecedented government stimulus and money printing, uncertainty and the potential for market volatility remain as hopes for recoveries in the underlying real economies remain largely unrealised. While Pendal (39.5%) and Challenger (20.5%) reported double digit increases in their Wholesale funds under management the two market leaders were mixed with State Street up 4.9% but Vanguard falling 9.4%.

Source: Plan For Life

Download Media Release: PFL_Media_Release_-_Wholesale_Dec20