POWERED BY MOMENTUM MEDIA
Master trusts in decline
|
Australia’s total master fund market, made up of platforms, wraps and mater trusts, managed to end the year in positive growth territory, largely because of a strong September quarter, according to the latest data from actuarial research house Plan for Life.
The Plan for Life data, released this week, revealed that the total master fund market grew by 2.6 per cent over the year to September 30 to stand at $396 billion, with a large jump of $44.8 billion being recorded in the September quarter.
However, Plan for Life noted that the inflows of $85.4 billion were well down on those of the same time last year, while outflows of $71.4 billion were also down over the same 12-month period a year earlier.
The Plan for Life data revealed that platforms comprised 52.2 per cent of the market with $207.1 billion in funds under management (FUM), while wraps accounted for 30.8 per cent of the market with $122.3 billion in FUM.
However, master trusts represented a declining presence, accounting for just 17 per cent of the market and attracting only 14.6 per cent of total inflows over the year.
AUTHOR
Mike Taylor
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
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(%)
