Retail sector FUM hits $472bn
The retail funds management sector grew by 14.7 per cent to $471.7 billion in 2012, according to Plan for Life research.
The overall market - which includes wraps, platforms and master trusts - saw funds under management (FUM) rise by $60.4 billion in 2012. December alone saw an increase of $20.5 billion.
Overall masterfund business saw inflows of $119.3 billion over 2012, up 6.6 per cent on 2011. Outflows rose 5.3 per cent to $105.7 billion.
BT Financial Group tops the overall retail market with $96.1 billion in FUM and 20 .4 per cent of the market, followed by AMP ($84.6 billion), NAB/MLC ($82.7 billion) and Commonwealth/Colonial ($67.9 billion).
Breaking down the overall market into sectors, wraps claimed $167.3 billion in FUM as of 31 December 2012; platforms accounted for $232.6 billion of the market; and master trusts had FUM of $71.8 billion.
Wraps recorded the highest growth in FUM during 2012, up 18.1 per cent. Platforms grew their FUM by 13.5 per cent, and master trusts were up 11.2 per cent.
The wrap market is dominated by BT, AMP, Macquarie and NAB/MLC, which together constitute over 64 per cent of the market.
NAB/MLC holds the highest FUM in the platform market ($56.6 billion), followed by Commonwealth/Colonial ($54.7 billion) and AMP ($47.3 billion).
When it comes to master trusts, AMP leads the way with $21.5 billion in FUM, with BT in second place ($19.2 billion) and OnePath in third ($11.5 billion).
Recommended for you
BlackRock has announced its plan to acquire real estate investment firm ElmTree Funds which will be integrated into its new private financing solutions business.
With share price growth of 45 per cent for FY25, Australian Ethical has shared why it believes the firm has done so well compared to its active peers.
ETF investors would be wise to consider global or European exposure for their equity ETF allocations, according to AXA IM, with US government action expected to hit both its equity and bond performance.
A specialist ETF provider is seeking to become “the new Betashares” with its active ETFs, thanks to its use of algorithms to achieve outperformance.
