Platforms' Reported Funds Under Management Rose by $166.8bn over the year to September 2024

Masterfunds over the past twelve months ended up 16.8% to total $1,158.0bn after rising by 4.7% in the September quarter. Year on year reported Inflows and Outflows were down by 6.3% and 16.3% respectively to total $195.5bn and $173.6bn however in both cases the previous year’s totals were boosted by the $35bn sale of BT Super business to Mercer; excluding this Inflows increased by around 12% and Outflows by less than 1%. Meanwhile all of the three sub-markets experienced double digit percentage growth rates thanks to buoyant investment returns with Wraps ($677.9bn up 18.8%), Platforms ($420.5bn up 13.8%) and Master Trusts ($59.7bn up 16.7%).

All the main Masterfund participants saw double digit percentage increases in funds under management including market leader Insignia ($222.5bn up 11.7%), Colonial ($153.2bn up 13.1%), Macquarie ($152.4bn up 21.8%), BT ($141.5bn up 10.5%), AMP ($132.2bn up 13.2%) netwealth ($94.9bn up 32.1%), HUB24 ($91.6bn up 40.7%) and Mercer ($73.8bn up 13.9%).

Source: Plan For Life

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