Retail and wholesale funds under management and advice (FUM/A) increased by 7.6 per cent to $1.1 trillion in the 12 months to September 2015, according to DEXX&R.
Retail FUM/A increased by $78 billion in the 12 months to September 2015, with the strongest growth in the retirement incomes segment which saw a 10.7 per cent increase in funds under management for the period, said DEXX&R.
Macquarie saw the largest increase in the year to September 2015, up 10.5 per cent to $77.2 billion.
AMP saw its FUM/A increase 9.5 per cent to $141.6 billion, NAB was up 5 per cent to $148 billion, and CBA recorded a 4.4 per cent increase to $139.5 billion.
However, during the September 2015 quarter total retail and wholesale FUM/A decreased by 1.4 per cent or $15 billion, reflecting the overall decrease recorded in most market segments during the period.
The retirement incomes segment also recorded a decrease of 1 per cent, or $2 billion, to $164 billion during the September 2015 quarter.
"Over the 12 months to September 2015 FUM/A increased by 10.5 per cent or $15.8 billion, up from $150 billion at September 2014 to $165.8 billion at September 2015.
"Of the top five managers AMP recorded a 12.5 per cent increase in FUM/A to $31.2 billion. CBA recorded an increase of 9.2 per cent to $40.7 billion and NAB recorded a 9.0 per cent increase to $22.1 billion," said DEXX&R.
AMP Capital has bought a majority stake in international infra tech fibre company VX Fiber, on behalf of investors in its infrastructure equ...
The Supreme Court has ordered the winding up of Mayfair 101 entity IPO Wealth Holdings. ...
Major investor groups representing more than US$103 trillion in assets have urged companies and auditors to fully reflect the effects of cli...
Subscribe to our newsletter
Copyright © 2020 Investor Daily
Get notifications in real-time for staying up to date with content that matters to you.
Read More