FUM rises $86.4bn over the last year

FUM rises $86.4bn over the last year

An analysis has found that funds under management has grown 11.2 per cent to $859.9 billion over the year to September 2018.

Advertisement
Advertisement
>According to Strategic Insight, FUM across the September quarter rose $12.4 billion, or 1.5 per cent.

Investment earnings on underlying assets over the past year accounted for around 70 per cent of this increase in funds.

Meanwhile, Strategic Insight noted year-on-year reported inflows into managed funds fell 9.9 per cent to $148.6 billion while corresponding outflows also decreased but by a more modest by 2.7 per cent to $140 billion.

“All the leading companies reported increases in their Masterfund business, with the best performances being recorded by Netwealth (40.6 per cent), off a relatively lower base, Macquarie (16.8 per cent), Commonwealth/Colonial [First State] (9.8 per cent), IOOF (9.6 per cent), Mercer (9.1 per cent), BT (8.9 per cent) and AMP (8.1 per cent),” said Strategic Insight.

news
0 commentsjoin the conversation
news

related articles

latest news

from the web