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Managed funds near $3 trillion mark
Australia’s managed funds industry grew 9.2 per cent during the last financial year, new data has revealed.
At 30 June 2017, the industry had $2.97 trillion of funds under management, according to the Australian Bureau of Statistics.
That was 2.7 per cent higher than the March 2017 figure of $2.89 trillion and 9.2 per cent higher than the June 2016 figure of $2.72 trillion.
In historical terms, funds under management have grown:
- 56.1 per cent over five years
- 66.5 per cent over 10 years
- 270.7 per cent over 15 years
- 550.9 per cent over 20 years
How are the funds invested?
Most of the money is invested in superannuation funds, according to this breakdown of unconsolidated assets of managed funds:
| Asset type | Share |
|---|---|
| Superannuation (pension) funds | 79.2% |
| Public offer (retail) unit trusts | 11.2% |
| Life insurance corporations | 7.9% |
| Cash management trusts | 1.2% |
| Common funds | 0.4% |
| Friendly societies | 0.2% |
Disclaimer
This article is over two years old, last updated on September 8, 2017. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent investment funds articles.
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