Managed funds stockpile grows 9.1%

Managed funds stockpile grows 9.1%

Australia’s funds management industry has almost $3 trillion of funds under management, new data has revealed.

Total funds under management reached $2.9 trillion during the March quarter, according to the Australian Bureau of Statistics.

That marked a 1.0 per cent increase on the previous quarter and a 9.1 per cent increase on the previous year.

Of that $2.9 trillion under management, $2.0 trillion was placed with resident investment managers – an increase of 1.4 per cent over the quarter and 14.0 per cent over the year.

The other $0.9 trillion was placed with non-resident investment managers or invested directly into the markets. That pool of funds rose 0.3 per cent in quarterly terms but fell 0.7 per cent in annual terms.

March quarter  Quarterly change Annual change
Total managed funds industry $2.9 trillion 1.0% 9.1%
Placed with resident investment managers $2.0 trillion 1.4% 14.0%
Placed with non-resident investment managers or invested directly into the markets $0.9 trillion 0.3% -0.7%

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