Platforms' Reported Funds Under Management increased by $83.7bn over the year to March 2022

Masterfunds ended the year to March 2022 up 9.2% to $995.3bn but during the latest quarter they were down $29.0bn, or 2.8% as global investment markets fell and to date continue to decline as central banks reverse course and start normalising their monetary policies ending the era of ultra-low interest rates as they try to control inflation. Year on year Inflows jumped 16.9% to $174.4bn but Outflows of $146.6bn were virtually unchanged down just a marginal 0.4% resulting in an overall Net Fund Inflow of $27.8bn which is well up on the previous two years when they averaged less than $2.0bn.

Year on year all the leading companies reported increases in their funds under management. Insignia ($207.2bn up 168.2%), saw business jump thanks to its MLC takeover, while BT ($175.1bn up 5.8%), Commonwealth / Colonial ($143.8bn up 4.9%), AMP ($143.8bn up 2.3%) and Macquarie ($117.3bn up 17.3%) also all finished higher. Meanwhile medium sized players netwealth ($57.6bn up 37.6%), HUB24 ($51.0bn up 43.3%), Mercer ($29.1bn up 10.5%) and Praemium ($20.7bn up 22.7%) all reported double digit percentage growth in their Masterfund business.

Source: Plan For Life

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