New Zealand Retail Managed Funds Increased NZ$12.0bn during September Quarter 2024

Retail Managed Funds at the end of September totalled NZ$213.3bn jumping 21.2% over the past year due to a combination of buoyant investment earnings and an overall net fund Inflow. All the major companies reported significant increases in their funds under management including the five market leaders ANZ (9.6%), ASB (20.7%), Milford (28.6%), Fisher (14.9%) and BT/Westpac (18.2%).

Gross Inflows rose by over a quarter or 25.2% over the past year to total NZ$45.2bn. ASB (34.0%) and Milford (52.4%) were a couple of leading companies that saw their Inflows jump while by contrast BT / Westpac (-9.8%) reported a fall.

Source: Plan For Life

Download Media Release: PFL Media Release - New Zealand Sep24