Managed accounts FUM up 14.9% in 1H19

The data from the Institute of Managed Account Professionals (IMAP) in conjunction with Milliman also found that net funds inflow from 31 Dec 2018 to 30 June 2019 has doubled on the previous six-month period to $4.43 billion, or a 7 per cent increase on total FUM.

“The FUM census results suggest that investors are working closely with and have confidence in their financial advisers, evidenced by the steady inflows of new funds into managed account arrangements,” said IMAP chair Toby Potter.

“Although the MDA (managed discretionary account) category remains the largest and is growing, platform-based SMAs are growing at a faster rate and closing in on the MDA total.”

Milliman’s head of capital markets for Australia, Victor Huang, said that the main features of investment markets for the first half of 2019 were improved confidence and volatility.

“The value of the ASX/S&P 200 Accumulation Index increased by 19.73 per cent over the six-month period, compared with a 6.83 per cent decrease in the six months prior,” he said.

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

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