$35.0bn Increase in Retail Managed Funds reported during December 2022 Quarter
/Retail Managed Funds rose 3.5% in the December quarter to $1,038.1bn however over the whole of 2022 they still finished down 7.3% due to decreases in the market values of their underlying assets. While subsequently global stock markets have bounced back they remain fragile as governments continue to belatedly normalise interest rates in an effort to curb inflation after many years of ultra loose, arguably reckless and more importantly now clearly discredited nonsensical monetary policy.
netwealth (9.7%), HUB24 (11.7%) and Challenger (12.7%) reported increases in their Retail Funds however on the other hand those of market leaders Insignia (-9.0%), BT (-13.4%), Commonwealth / Colonial (-10.5%) and AMP (-11.4%) all finished down.
Source: Plan For Life
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