$63.4bn Increase in Retail Managed Funds during March 2024 Quarter
/Overall Retail Managed Funds at the end of March totalled $1,188.7bn, up 5.6% over the latest quarter and 12.0% over the past year driven by strong investment earnings and positive net flows.
HUB24 (34.1%), netwealth (28.0%), Macquarie (16.4%), Praemium (11.6%) and market leader Insignia (8.6%) achieved the highest annual growth in their Retail Funds, along with Mercer (131.0%) who saw its funds under management more than double after acquiring BT's superannuation business last year. Conversley BT (-15.2%) saw a fall over the year.
Source: Plan For Life
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