Pendal Aussie FUM declines in March quarter



Pendal’s Australian funds under management (FUM) have declined by 3.8% in the March quarter as a result of market movement and investment performance.
FUM at the end of December 2021 was $35.9 billion but had since declined to $34.5 billion.
This was comprised of $0.5 billion from flows and $0.9 billion related to market movements, investment performance and distributions.
Institutional outflows and those from Westpac were $0.2 billion each while wholesale outflows were $0.1 billion.
Pendal said fund flows in Australia were “slightly down with a small level of portfolio adjustments and Westpac outflows of $0.2 billion, in line with expectations”.
Total Pendal Group flows (ex cash) fell from $125.7 billion to $114 billion.
The Australian FUM movement compared to flat FUM during the previous quarter to December 2021 when funds remained steady at $35.9 billion during the quarter.
Chief executive, Nick Good, said the firm had seen “significant improvement” in flows but that weak and volatile markets had impacted the overall fund levels.
The firm also declined a buyout bid from Perpetual as it felt it wasn’t in the best interest of shareholders.
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.