Retail funds in the negative for June quarter
Retail managed funds dropped $11 billion (1.5 per cent) for the June quarter, but managed to finish the 2014/15 financial year strongly recording growth of 10.1 per cent to $730.3 billion, according to Plan For Life.
Plan For Life's retail managed funds administrator view report found good performances on investment markets over the past 12 months were responsible for two-thirds of the increase.
However, all funds recorded a negative June quarter growth rate.
Macquarie topped the funds in terms of its annual growth rate at 14.2 per cent, followed by BT Financial at 11.9 per cent, and AMP at 10 per cent.
BT Financial took the top spot for funds under management (FUM) at $137 billion.
In terms of markets, cash trusts stood strong for its annual growth rate at 17.4 per cent, followed by retirement income (14.3 per cent), and unit trusts and investment funds (12.9 per cent).
Cash trusts was the only market to record a positive quarterly growth rate of 4.1 per cent.
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