Westpac, AMP and Macquarie show strong growth

11 June 2015

New research from DEXX&R just published suggests that funds under management and advice held in retail and wholesale managed funds increased by 15.4% to $1.14tn over the 12 months to March 2015. This is an increase of $152bn on the March 2014 figure of $987bn. In the retail market the strongest growth in FUM was recorded in the retirement incomes segment, with a 19.6% increase in FUM and in the retail investment segment with a 15.8% increase in FUM. Of the top five retail and wholesale managers, Westpac’s funds under management increased by 15.4% to $18.7bn, up from $121.4bn to $140.1bnover the 12 months to March 2015. AMP recorded an increase of 15.3% to $144bn, Macquarie a 13.5% increase to $78bn and NAB a 13.1% increase to $155bn over the 12 months.