The total funds under management/administration (FUM/A) in the retail and wholesale markets fell by 3.86 per cent to $783 billion during the June 2010 quarter, according to DEXX&R’s latest market share data report.
Over the 12 months to June this year, total FUM/A across markets did however increase by $58 billion, reflecting growth of nearly 8 per cent.
The retail sector experienced a FUM/A decline of 4.89 per cent during the June quarter, down from $517 billion as at March 2010.
The total retail market did however increase by 6.72 per cent over the year to June 2010, from $461 billion to $492 billion at June 2010.
The retirement incomes sector fell 3.56 per cent during the quarter, while the employer superannuation market experienced a decline in FUM/A of 3.04 per cent to $83 billion at June 2010.
The personal superannuation market experienced a FUM/A drop of 4.2 per cent to $156 billion during the quarter, although FUM/A increased by 13.09 per cent over the year to June 2010.
The retail investment sector experienced a FUM/A decline of 7.6 per cent over the quarter, the fall of $12 billion being the largest among all other market segments. The sector also experienced a decrease of 1.29 per cent over the year, down to $148 billon at June 2010.
The wholesale market experienced a 2.1 per cent drop in FUM to $291 billion during the quarter, down from $298 billion as at March 2010.
However, total FUM held in the wholesale market increased by 10.1 per cent, to $291.5 billion over the 12 months to June 2010.
