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Wholesale fund inflows post solid rise

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By Vishal Teckchandani
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2 minute read

Inflows in wholesale trusts increased, with Australian shares shining.

Australian wholesale fund inflows rose by 14.4 per cent in the 12 months to September.

According to financial services firm Dexx&r, funds under management (FUM) increased to $372 billion from $325 billion over the last year.

Net cash flow for the period was $15 billion.

Dexx&r tracked the yearly performance of four asset sectors.

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Under the Australian shares category Colonial First State's Wholesale Geared 452 Australian Share Fund impressed with a 50.9 per cent return.

In the international shares area the Barclays Institutional Funds Far East ex-Japan I trust returned 29.9 per cent. 

Of the multi-sector class the MLC Investment Trusts Accelerated Growth fund returned 22.3 per cent.

In the capital stable space the BT Wholesale Trusts Ethical Conservative Fund returned 11.9 per cent.

FUM in the Australian shares category accelerated by 22 per cent to $90.7 billion, the biggest rise in the sectors.