Top 5 Retail Managers by inflows
Assirtclaims the net retail inflows top five show a mixed bag of managers, both specialist and generalist, and that the largest flows have been into defensive investments including fixed interest, property and Australian equities.
Platinumwas able to exhibit the third highest inflow figure over the year despite being exposed to international markets during the recent downturn.
Assirt says thatAMPhas managed to maintain relatively steady inflows, riding on its strong brand, range of products and extensive distribution amid recent trouble with the UK arm of its funds management business and lay-offs of staff within its Australian business.
Commonwealth/Colonial First StateGroup has managed to scrape into the top five because of strong flows into the recently launched FirstChoice master trust.
Assirtsays there has been a significant decrease in fund flows in general this year across the whole market, which will see fund managers come in under their target inflows for the period.
NameInflows $m
1. National/MLC2710.74
2. AMP2024.60
3. Platinum Asset Management1877.48
4.UBS Asset Management (Australia) Ltd1560.08
5. Commonwealth/Colonial First State Group1482.76
Source: Assirt, for year end Sept 2002
Recommended for you
First Sentier Investors chief executive, Mark Steinberg, is set to depart the asset manager after seven years.
Metrics Credit Partners has completed the acquisition of Taurus Finance Group and BC Investment Group as it looks to launch consumer lending arm Navalo.
AMP has announced to the ASX that it is being sued by property fund manager Dexus regarding the sale of its real estate and domestic infrastructure equity business.
Having seen inflows of US$5.6 billion to its fixed income funds in the last quarter, Janus Henderson has closed on a deal with life insurer Guardian to secure funds to boost its product development.
