$28.3bn Increase in Retail Managed Funds during September 2021 Quarter
/Overall Retail Managed Funds at the end of September totalled $1,081.0bn, up 19.1% over the past year with the majority of this jump due to strong performances on underlying investment markets. During the latest quarter they rose 2.7%.
Almost all of the major players reported very significant percentage increases in their funds under management led by IOOF (182.2%), HUB24 (138.6%), netwealth (52.1%), Praemium (32.8%) and Macquarie (30.7%); note that the triple digit jumps experienced by IOOF and HUB24 were due to their respective acquisitions of MLC and Xplore.
Source: Plan For Life
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