Retail Managed Funds Increased by $55.4bn during September 2024 Quarter
/Retail Managed Funds at the end of September totalled $1,250.6bn which was an increase of 16.3% over the past year as a result of strong investment returns plus some positive overall net fund flow. During the September quarter funds grew 4.6%.
Top 5 companies Insignia (11.1%), Colonial (13.1%), Macquarie (21.8%), BT (9.9%) and AMP (13.2%) all reported significant growth while bigger percentage increases were recorded by medium to smaller players netwealth (32.5%), HUB24 (40.7%), and Praemium (30.3%).
Source: Plan For Life
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