Overall Retail Managed Funds ended the year to March little changed, only marginally down by 0.7% at $745.1bn.
During the March quarter they declined 1.7% with around half this fall due to investment markets, which remain volatile and directionless, reversing part of the strong performance they experienced in the December quarter. Â Over the past year virtually all of the leading companies reported modest reductions in their funds under management however, as previously mentioned, an exception was Macquarie up 19.7% due to the $10.4bn internal transfer last quarter into their Wrap Solutions platform of assets previously reported outside of Retail business.
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