Retail Managed Funds Fall by $80.9bn during June 2022 Quarter
/Retail Managed Funds ended the 2021/22 financial year down 4.6% to total $1,005.5bn after falling by 7.4% during the June quarter due to falls on global stock markets. Currently asset prices remain under pressure as authorities worldwide raise interest rates to more sustainable levels from historic lows to control inflation. However so far they have yet to be successful (not really surprising as real interest rates are still negative) so further rises and reciprocal falls in asset values are inevitable.
All four market leaders Insignia (-6.8%), BT (-7.6%), Commonwealth / Colonial (-9.7%) and AMP (-8.9%) reported decreases in Retail business however mid-sized players HUB24 (19.9%) and netwealth (17.5%) outperformed with double digit jumps.
Source: Plan For Life
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