POWERED BY MOMENTUM MEDIA
Wholesale funds reap rewards of market recovery
Institutional wholesale business increased by more than 50 per cent over the last year to March off the back of a recovery in underlying investment markets, according to Plan for Life Actuaries and Researchers.
It drove 26.4 per cent growth in the wholesale funds market over the year to March (8 per cent in the March quarter), increasing overall wholesale funds to $529.5 billion.
Plan for Life said strong growth was evident, even with adjustments due to incomplete fund histories which could shave increases right back from potentially inflated growth rates.
A reversal in market returns over the last couple of weeks, however, has undone many of the gains since the beginning of the year, particularly with regard to Australian equities, Plan for Life said.
Gross inflows fell by 13.8 per cent to $43.2 billion during the March quarter and increased by 11 per cent over the past 12 months, including adjustments with regard to incomplete data.
Plan for Life said future adjustments would take place as more complete data and histories were provided by fund managers.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The asset manager is bolstering its investments in the global energy transition and climate opportunities.
The ethical investment manager has reported record FUM as its growth trajectory continues apace.
The chief investment officers of UniSuper, HESTA, and TelstraSuper have elaborated on opportunities and risks that are top of mind when it comes to illiquid assets like private credit within their portfolios.
In an address to the National Press Club last week, the incoming chair of Australia’s sovereign wealth fund said institutional investors could play a role in the winding road towards net zero.
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(%)
Add new comment