Funds under management (FUM) in managed accounts stood at $111 billion on 30 June according to the Institute of Managed Account Professionals Ltd (IMAP). The latest data in IMAP’s 6 monthly Managed
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Funds under management in managed accounts reached $95.2 billion by December 2020 according to the latest figures from IMAP, and are likely to cross the $100 billion dollar mark around the middle of the year if investment markets remain on track.
Figures from the managed account FUM Census, which IMAP publish in conjunction with actuary Milliman, show the combined FUM rose $15.49 billion from $79.71 in the second half of the year after a combined net inflow of $6.97 billion and a 13.2 per cent increase in the ASX/S&P 200 accumulation index.
According to IMAP CEO Toby Potter the total managed account market in Australia will likely cross the $100 billion threshold sometime around the middle of the year, if it hasn’t happened already.