Commonwealth Bank said its funds under administration at the end of March were $199 billion, up 0.2 per cent for the quarter, driven by strong investment market returns. Net flow for the quarter was a negative $1.9 billion, driven by outflows from wholesale short-term cash mandates and internationally sourced funds. FirstChoice and Custom Solutions saw net inflows of $440 million and $317 million respectively. Total funds under management were $152 billion.

Treasury Group ’s total funds under management as at the end of March were $16.81 billion, up 8.4 per cent from the previous quarter. During the three months Treasury experienced positive net inflows of $852 million, mainly attributable to RARE Infrastructure and Trilogy Global Advisors. Celeste Funds Management and AR Capital also saw inflows while Investors Mutual saw small outflows.