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Data reveal significant outflows
Australia’s major fund managers experienced significant outflows of funds last year, according to the latest analysis from specialist research house, Dexx&r.
The Dexx&r analysis covering the 12 months to December, last year, revealed that funds under management and advice (FUM/A) held in retail and wholesale managed funds decreased by 4.4 per cent to $1.21 trillion over the period, representing a decrease of $56.1 billion on the December 2017 figure of $1.26 trillion.
The data revealed the Retirement Incomes Segment experienced the largest decrease in FUM with a 7.6 per cent decrease of $13.1 billion over the 12 months to December 2018, while Employer Super recorded the second highest decrease, a 7.3 per cent decrease, $11.5 billion over the same period.
It showed that Retail Investment (non-super) recorded a 4.6 percent decrease, $10.1 billion, and Personal Super a decrease of 4.1 per cent, $9.3 billion, over the 12 months to December 2018.
According to Dexx&r amongst the five largest retail and wholesale managers the Commonwealth Bank recorded a 7.7 per cent decrease to $141.6 billion, Macquarie a 5.8 per cent decrease to $101.8 billion, Westpac a 5.3 per cent decrease to $141.6 billion, NAB a 5.0 per cent decrease to $167.8 billion and AMP an 0.4 per cent decrease to $157.7 billion.
It found that in the December 2018 quarter, total Retail and Wholesale FUM/A decreased by 6.6 per cent, ($85.0 billion), down from $1,293 billion at September 2018 to $1,208 billion at December 2018.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
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