Managed funds market shrinks 17.4 per cent
Total funds under management/administration (FUM/A) in the retail and wholesale managed funds market fell by 17.4 per cent ($171 billion) to $809 billion in the 12 months to September 2008, according to researcher DEXX&R.
Its latest Leading Indicator Analysis Market Share Report also found total FUM/A decreased by 5.1 per cent ($44 billion) during the September 2008 quarter, down from $853 billion as at June 2008.
Total retail FUM/A decreased by 15.8 per cent over the year to September 2008, down from $608 billion to $512 billion.
Retail FUM/A fell by 4.3 per cent during the September 2008 quarter, down from $535 billion as at June 2008.
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