Netwealth leads the pack as retail funds grow $12.2bn

 — 1 minute read

New figures from Strategic Insight have revealed that retail managed funds rose 10.7 per cent over the past year, with Netwealth and Macquarie the top performers in 2018. 

Its analysis of retail managed funds as at the end of September 2018 found the overall market totalling $946.4 billion.

Quarter-to-quarter, Strategic Insight found that the market saw a modest rise of 1.3 per cent thanks to positive performances on underlying investment markets, however net flows were slightly negative.


“Unfortunately, since then there has been a significant, and as of publication date ongoing, correction on stock markets that has seen them shed 10 per cent or more in value to wipe out all of the past year’s gains,” it said.

“All major participants in the retail market posted increases in funds led by Netwealth (39.1 per cent), off a low base, Macquarie (16.7 per cent), Mercer (9.1 per cent), BT (8.7 per cent) and Commonwealth/Colonial (8.1 per cent).”

Year-on-year inflows fell 6.4 per cent to $178.6 billion while during the September quarter they were off 2.9 per cent, according to Strategic Insight’s analysis.

Further, it noted the superannuation and retirement income markets saw inflows drop 20.8 per cent and 13.2 per cent, respectively, while by contrast those of the other main sub-market of unit trusts and investment funds were up 13.2 per cent.

Meanwhile, reported inflows into the much smaller cash trusts and investment bonds markets also climbed by 18.4 per cent and 12.8 per cent.



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Netwealth leads the pack as retail funds grow $12.2bn
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James Mitchell

James Mitchell

James Mitchell is the editor of the Wealth and Wellness suite of platforms at Momentum Media including Investor Daily, ifa, Fintech Business, Adviser Innovation and Wellness Daily.


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