Plan For Life – Platform Wrap Media Release – December 2013
Overall Masterfund business jumped 20.1%, or $94.3bn during 2013 to stand at $564.3bn; they climbed $22.6bn, or 4.2% in the December quarter alone on the back of buoyant investment markets resulting from all the quantitative easing / low interest rate policies of governments worldwide.
Year on year Inflows into Masterfunds of $146.9bn were up by a quarter, or 25.2% on the $112.5bn recorded in 2012 while corresponding Outflows rose at the relatively slower pace of 13.4% from $103.5bn to $117.3bn.
All major companies saw significant growth in their funds under management led by Macquarie (52.2%), Commonwealth / Colonial (23.2%), AMP (22.9%), BT (16.8%) and National Australia / MLC (15.7%). It should be noted that more than half of Macquarie’s increase came from the inclusion of the $7.6bn Perpetual Private Wealth Platform into its Wrap business.
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