POWERED BY MOMENTUM MEDIA
Data reveal significant outflows
Australia’s major fund managers experienced significant outflows of funds last year, according to the latest analysis from specialist research house, Dexx&r.
The Dexx&r analysis covering the 12 months to December, last year, revealed that funds under management and advice (FUM/A) held in retail and wholesale managed funds decreased by 4.4 per cent to $1.21 trillion over the period, representing a decrease of $56.1 billion on the December 2017 figure of $1.26 trillion.
The data revealed the Retirement Incomes Segment experienced the largest decrease in FUM with a 7.6 per cent decrease of $13.1 billion over the 12 months to December 2018, while Employer Super recorded the second highest decrease, a 7.3 per cent decrease, $11.5 billion over the same period.
It showed that Retail Investment (non-super) recorded a 4.6 percent decrease, $10.1 billion, and Personal Super a decrease of 4.1 per cent, $9.3 billion, over the 12 months to December 2018.
According to Dexx&r amongst the five largest retail and wholesale managers the Commonwealth Bank recorded a 7.7 per cent decrease to $141.6 billion, Macquarie a 5.8 per cent decrease to $101.8 billion, Westpac a 5.3 per cent decrease to $141.6 billion, NAB a 5.0 per cent decrease to $167.8 billion and AMP an 0.4 per cent decrease to $157.7 billion.
It found that in the December 2018 quarter, total Retail and Wholesale FUM/A decreased by 6.6 per cent, ($85.0 billion), down from $1,293 billion at September 2018 to $1,208 billion at December 2018.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
