Retail Managed Funds ended 2014 on a positive note, up another 3.7% during the December quarter.
Overall the 2014 calendar year was one of solid consolidation with total funds under management increasing by 8.8% to $702.3bn. This growth was in large part as a result of buoyant, if at times understandably somewhat nervous and wobbly, underlying investment markets that in turn were supported by the continued unprecedented stimulatory low interest rate policies of governments around the globe. Some of the better performers among the market leaders included AMP (10.5%), BT (10.1%), Commonwealth / Colonial (10.0%), IOOF (7.9%) and National Australia / MLC (6.7%).
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