A number of large fund managers, including Fidelity and Perpetual, are ramping up their fund activity despite recent reports that some fund managers are reviewing their funds on offer.
"If anything, we are stepping up rather than down in our asset management business," a Perpetual spokesman said.
He said Perpetual had launched a core equities campaign last week, showcasing its Perpetual Australian Share Fund and Perpetual Concentrated Equity Fund to advisers.
A Fidelity spokesman said the fund manager planned to expand its fixed-interest offer.
"We are launching new fixed-interest products by the end of the year," he said.
A Challenger spokesman said the group's flagship Challenger funds as well as those managed by its 10 boutique brands were doing well.
"We don't have any plans to close any funds at all," he said.
"We're targeting $2 billion in annuities sales this year, up from $514 million in 2009."
A UBS Australia spokeswoman said the company had no plans she knew of to reduce its suite of funds or review its products.
Earlier this month, Axa Asia Pacific (Axa AP) announced it would close AllianceBernstein's Australian equity growth and industrial strategies, following a drop in market demand.
In February, Australian Ethical commenced a comprehensive review of its product suite with a focus on pricing and creating engagement with Australia's self-managed superannuation fund market.
At the time, company managing director Phillip Vernon said the review came in response to substantial regulatory change across the funds management and superannuation industries through the Future of Financial Advice and Stronger Super reforms.
