POWERED BY MOMENTUM MEDIA
Wholesale inflows positive
The latest data to be released by Sydney-based researcher Dexx&r has raised further questions about whether the market may have finally turned.
The data, released this week, revealed two consecutive months of rising wholesale funds under management (FUM) after 18 months of decline.
Dexx&r said wholesale FUM increased by 1 per cent during March, followed by a rise of 4.5 per cent during April.
It said the increase was attributable to improved investment earnings associated with a rise in Australian and international share indices.
However, the improvements in March and April have not been sufficient to drag the 12-month data into positive territory, with total FUM in the retail and wholesale markets down 23.6 per cent in March when compared to the same month a year earlier.
AUTHOR
Mike Taylor
Recommended for you
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.63 3 y p.a(%)
3
Fidante Credit Suisse Global Private Equity
32.16 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
5
Plato Global Alpha A
27.76 3 y p.a(%)
