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Wholesale funds FUM continues to fall
Total funds under management in the wholesale super funds sector fell $8.98 billion (4 per cent) to $217.6 billion in February, according to researcher DEXX&R.
Its Wholesale and Pooled Superannuation Fund Monthly report, covering 900 wholesale funds, fell to $217.6 billion as at February 28 from $226.6 billion as at January 31 this year.
The report also revealed that total funds under management in the property and Australian shares sector fell by $10.1 billion (51.3 per cent) and $34 billion (44.2 per cent) respectively in the 12 months to February 28 this year.
In addition, the multi-sector segment turned in the best performance during February this year, with negative growth of 6.2 per cent.
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