New Zealand Retail Managed Funds grew by 4.3% during the December 2014 quarter to $59.4bn. Over the whole of the 2014 they jumped 17.8% propelled by significant fund flows into both of the two main Kiwi Saver and Unit Trusts & Managed Funds sub-markets as well as 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. Russell Investment Management (76.6%), Kiwi Wealth (58.4%), Milford Asset Management (52.7%), Grosvenor (24.0%), BT / Westpac (23.4%) and ASB Group Investments (20.6%) reported 20% plus percentage increases in their Retail funds under management.
Gross Inflows during 2014 of $16.8bn, were up dramatically by 41.3% on the $11.9bn recorded in 2013. There was the usual dip in
Inflows during the December quarter due to KiwiSaver seasonality factors (refer below), but this time they were only down overall by
6.4%. Year on year BNZ, Russell, Kiwi Wealth, ANZ, AMP, ASB, Mercer, Fisher Funds and BT / Westpac all posted very high double
digit plus annual Inflow growth rates.
View the full Plan For Life findings.
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