Retail Managed Funds Increased Slightly by $4.7bn during June 2024
/Retail Managed Funds ended the 2023/24 financial year 9.8% higher to total $1,195.1bn after rising by just 0.4% in the latest June quarter. Growth was largely due to buoyant investment markets plus to a much lesser degree positive net cash-flow.
Market leaders Insignia (6.1%), Colonial (3.2%), Macquarie (12.6%), BT (3.8%) and AMP (4.3%) all finished higher while some much bigger double digit percentage increases were reported by mid-tier players netwealth (24.8%), HUB24 (34.6%) and Praemium (26.4%). Mercer (8.8%) also recorded some significant growth in its Retail business.
Source: Plan For Life
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