Super and investment FUM/A up 13 per cent

Retail and wholesale managed funds saw funds under management and advice (FUM/A) rise by 12.6 per cent to $983 billion over the 12 months to March, DEXX&R said. 

The DEXX&R Analysis Market Share Report said this $110 billion increase on the March 2013 figure was driven by bigger inflows into retail investment segments, retirement incomes and superannuation.  

The March quarter saw total retail and wholesale FUM/A grew by 1.4 per cent, or $13.9 billion, to $983 billion at March quarter.  

Among the retail and wholesale managers, Macquarie Group’s FUM/A jumped by 12.4 per cent, or $7.5 billion to $68.5 billion on a like for like basis over the 12 months to March. 

This included the acquisition of Perpetual’s private wealth administration platform.  

Commonwealth Bank of Australia (CBA) increased by 15.2 per cent to $129 billion, National Australia Bank (NAB) recorded a jump of 15.1 per cent to $137 billion and Westpac jumped by 10.4 per cent to $121 billion over the 12 months. 

Meanwhile employer super FUM/A rose by 11.1 per cent over the year to March 2014 to $122.8 billion, up from $110.5 billion last year. 

Among employer super managers, Mercer FUM/A rose 15 per cent to $14.4 billion over the year to March 2014, while Westpac rose by 13.7 per cent to $16.4 billion, NAB rose 13.3 per cent to $27.8 billion and AMP rose 9.1 per cent to $25.6 billion. 

Personal super recorded a 9.8 per cent rise to $192 billion at March 2014, up from $175 billion last year 

Westpac recorded a 13.7 per cent rise in FUM/A to $28 billion.