Managed accounts saw net inflows of $16.7 billion in the six months to 30 June. “The managed account market is now in the maturity phase.”Looking at specific managed account types, separately managed accounts (SMAs) and managed investment schemes (MISs) were the dominant players, rising from $129 billion a year ago to $169.3 billion. Managed discretionary accounts (MDAs) rose from $52.4 million to $60.4 billion, while ‘others’ rose slightly from $24.2 billion to $26.5 billion. Milliman practice leader, Australia, Victor Huang, said the market has continued to provide positive annual growth for managed account investors. To benefit from this, it acquired Evidentia earlier this year and has merged this with Lonsec Investment Solutions to create a leading managed account provider.