FIL Investment Management (Australia) Ltd. had $443 million of net fund flows in the year to March 31.

The figure includes only money for Fidelity’s wholesale products and excludes any institutional mandates the closely held Boston-based firm may have gained, says Daniel Morris, a senior manager at Plan For Life, a company that tracks funds flow.

Fidelity received $600 million of net fund inflows in the three months to June 30, says a person familiar with the matter who spoke on condition of anonymity.  The person says Fidelity’s Australian funds had net fund inflows of $1.5 billion in the year to June 30.

Paul Taylor is the portfolio manager of Fidelity’s Australian equities fund that has about $5 billion under management. Started in June 2003 Taylor’s fund has had net annual returns of 13.9 per cent. The S&P/ASX 200 Index has gained 10 per cent a year since June 2003.

Fidelity has 120 people working in its Sydney office including three portfolio managers.