Platforms Rise $159.2bn in Funds Under Management over the year to September 2021

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Masterfunds jumped 19.2% or $159.2bn over the last twelve months to stand at $990.1bn with Wraps soaring by 28.7% to $525.9bn while Platforms and Master Trusts also increased by 9.5% and 11.3% to total $354.7bn and $109.6bn respectively. During the September quarter Masterfunds rose by $24.4bn, or 2.5%. Inflows totalling $167.9bn were 9.0% higher than the $154.1bn recorded in the previous year to comfortably exceed corresponding Outflows that were 4.1% lower, down from $152.8bn to $146.5bn, resulting in an overall positive Net Funds Flow of $21.5bn.

All the major Masterfund participants saw their funds under management increase significantly including in particular market leaders IOOF ($208.8bn up 187.6%), which acquired the business of MLC, BT ($178.2bn up 17.7%), AMP ($145.7bn up 9.7%), Commonwealth / Colonial ($144.3bn up 14.5%), Macquarie ($115.0bn up 30.7%), netwealth ($52.0bn up 52.7%) and also HUB24 ($45.4bn up 138.6%).

Source: Plan For Life

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