Wholesale Funds rose by $67.0bn during the December 2023 Quarter

Wholesale Funds increased by 5.3% during the December quarter while over the whole of 2023 they finished up 8.2% to total $1,338.3bn, mainly thanks to higher market values being attributed to their underlying investments.

All the leading managers reported increases in their funds under management with the Top 3 players, State Street (14.6%), Vanguard (8.6%) and Challenger (15.3%), along with BlackRock (12.8%), Macquarie (14.8%) and DFA (29.8%), all recording significant annual growth. In addition, Perpetual (226.8%) in particular saw its business more than triple after it acquired Pendal earlier in the year.

Source: Plan For Life

Download Media Release: PFL Media Release Wholesale 1223