Platforms’ Reported Funds Under Management Fell by $74.8bn in 2022

Overall Masterfunds fell by 7.3% over the whole of 2022 from $1,028.9bn down to $954.1bn due to decreases in the value of underlying assets and while markets have since recovered they remain fragile as governments belatedly normalise interest rates after years of reckless monetary policy. All of the Masterfund markets were lower with Wraps ($543.9bn down 3.3%), Platforms ($333.8bn down 12.4%) and Master Trusts ($76.4bn down 10.6%). During the December quarter Masterfunds increased by $33.9bn, or 3.7%. Annual Inflows totalling $160.5bn were 8.6% lower than the $174.5bn total reported in 2021 while corresponding Outflows finished down 3.6% at $141.6bn resulting in an overall Net Fund Inflow of $18.9bn.

All the leaders saw their funds under management decline with Insignia ($194.1bn down 9.0%), BT ($160.9bn down 11.3%), Commonwealth / Colonial ($134.2bn down 10.3%), AMP ($132.1bn down 11.4%) and also Macquarie ($115.7bn down 3.2%). Meanwhile netwealth ($62.4bn up 10.2%) and HUB24 ($55.8bn up 11.7%) continued to post double digit percentage growth.

Source: Plan For Life

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