POWERED BY MOMENTUM MEDIA
Total super assets hit $3.3trn
Total superannuation assets have grown from about $1.9 trillion in 2015 to about $2.9 trillion in 2020 to what it is now at about $3.3 trillion as of the end of the 2021 financial year, according to the Australian Prudential Regulation Authority (APRA) annual superannuation bulletin.
A more detailed analysis showed that the total assets held by industry funds at the end of June, 2021, stood at $917 billion, against $690 billion held in retail funds.
This stood in contrast to six years prior when the total assets held by industry funds was $434 billion while $537 billion made up retail funds.
The APRA’s data showed that 2018 was the first year in which the industry funds began to outweigh retail funds in terms of total assets, changing tides when industry funds hit $631 billion.
At the end of the first half of 2021, total APRA-regulated assets stood at about $2.27 trillion, of which total assets in MySuper products were $901 billion.
Meanwhile, total self-managed super fund assets stood at $822 billion.
The average account balance was $106,162 for entities with more than four members and $59,768 for MySuper products.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
How stupid have the LNP been over the last twenty years? Too late, you lose.
I'm not sure? Can you expand on that?