In its market share report, DEXX&R found the $109 billion increase in retail and wholesale FUM/A was driven by positive investment returns and increased inflows into retirement incomes, superannuation and retail investment segments.
“Of the top five retail and wholesale managers, NAB’s FUM/A increased by 16.4 per cent ($19.8 billion), up from $120.8 billion to $140.6 billion over the 12 months to June 2014,” the report from DEXX&R said.
“CBA recorded an increase of 13.5 per cent to $132 billion; Macquarie saw a 15 per cent increase to $70 billion; and Westpac recorded an 11.8 per cent increase to $124 billion,” the report stated.
DEXX&R’s report also found that over the year to June 2014, employer super FUM/A increased by 12.7 per cent to $125.4 billion.
“Of the top five employer super managers, NAB Employer Super FUM/A increased by 18.3 per cent over the 12-month period, up $4.4 billion from $24.1 billion at June 2013 to $28.5 billion at June 2014,” the report said.
“Mercer recorded a 17.5 per cent increase in FUM/A over the year to June 2014 to $15 billion, Westpac a 15.5 per cent increase to $17.1 billion and AMP an 8.8 per cent increase to $26 billion,” it said.
DEXX&R also found FUM/A in personal super had increased by 9.9 per cent to $197 billion as of June 2014.
“Of the top five managers, Westpac recorded a 14.7 per cent increase in FUM/A to $29 billion, AMP and CBA both recorded a 9.7 per cent increase in FUM/A to $41 billion and $35 billion respectively over the 12-month period,” the report from DEXX&R said.
