Retail market FUM continues to fall
Total funds under management/administration (FUM/A) in the retail market fell by 9 per cent during the March 2008 quarter, down from $595.2 billion as at December 2007, according to researcher Dexx&r.
Its ‘Leading Indicator Analysis Market Share Report’ also found that total FUM/A in the retail market decreased by 2 per cent to $544.1 billion over the year to March 2008.
The retirement incomes market fell by 6 per cent to $88.8 billion during the three months to March 2008, although this market segment was the only one to experience positive growth over the 12 months to March 2008.
It grew by a net 22 per cent in the year to March 2008, up from $72.7 billion as at March 2007.
With a decrease of $22 billion during the March 2008 quarter, the retail investment market segment (retail non-super) accounts for the largest fall in FUM/A in the retail market.
During the three months to March 2008, retail investment fell by 10 per cent to $199.6 billion from a total FUM of $221.6 billion in December 2007.
Over the year, retail investment FUM/A decreased by 5 per cent from $209.6 billion.
Total FUM/A in the personal superannuation market fell in the March 2008 quarter by $17 billion to $166.2 billion, a 9 per cent decrease from $183.3 billion in December 2007.
This segment declined by $9.1 billion (5 per cent) over the 12 months to March 2008.
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