Overall Retail Managed Funds ended the year to March up 14.4% to total $742.7bn. During the March quarter alone funds jumped another 6.5% on the back of continued strong performance on the Australian sharemarket which climbed almost 9%; however high levels of market volatility has subsequently resulted in much of this outperformance being reversed. Most of the leading companies reported double digit annual funds under management growth led by Macquarie, BT, AMP and Commonwealth / Colonial. Gross Inflows fell 20.0% to $36.4bn during the March 2015 quarter however year on year the decline was a much more modest 3.5%. While overall Inflows into the main Superannuation market were flat, down a marginal 0.4%, the Retirement Income market saw a 9.4% annual Inflow increase. The other main market Unit Trusts and Investment Funds experienced a 13.6% drop in Inflows.
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Source: Plan For Life
