Data Alert: Australia’s Managed Funds Assets now at A$1.7 Trillion
7 October 2010
Australia’s total Funds Under Management (FUM) stood at A$1,702 billion in the June 2010 quarter, representing a CAGR of 11.4 per cent since 1995. The country’s managed funds assets are now 36 per cent larger than the market capitalisation (A$1,254 billion) of domestic equity and account for around 130 per cent of GDP. On-going superannuation (pension) reforms will increase the Superannuation Guarantee Levy to 12 per cent, further adding to an already impressive pool of investment assets. The significance of Australia’s FUM industry offers a wide array of business development and export opportunities for domestic and international market participants.
Download Austrade Data Alert: Australia’s Managed Funds Assets now at A$1.7 Trillion (PDF)
Financial Services Benchmark Report 2010 and other Financial Market Publications can also be downloaded.