Institutional and international investors were the main drivers behind the $3 billion of inflows into Commonwealth Bank of Australia's (CBA) funds under administration (FUA) in the September quarter.
FUA stood at $191 billion at the end of September, 2.7 per cent down from the previous quarter, which CBA said was mainly due to deteriorating investment markets.
Platforms FirstChoice and Customer Solutions had net inflows of $408 million and $321 million respectively for the quarter.
Funds under management dropped 3.7 per cent to $143 billion, largely due to declining equity markets.
In-force premiums experienced growth of 2.3 per cent during the quarter, largely due to strong growth in retail life and general insurance products.
