Australian super assets fastest growing
Australian superannuation fund assets have nearly quadrupled over the past 10 years, according to data compiled by investment consultancy Watson Wyatt.
The Watson Wyatt 2007 Global Pensions Asset Study, details of which were released this week, revealed that Australian superannuation fund assets have increased on average by 15 per cent a year over the past 10 years and are now equivalent to approximately 100 per cent of the value of Australia’s annual Gross Domestic Product.
Watson Wyatt surveyed the largest 11 superannuation markets in the world, with total combined superannuation assets of just over $23,200 billion.
It said that of all the countries surveyed, Australia had the highest growth of super fund assets due to the mandatory superannuation guarantee system, as well as the highest proportion of total super assets in defined contribution form.
Watson Wyatt Australia principal and senior investment consultant Graeme Miller said the results of the global survey indicated that Australia was now the world’s sixth largest superannuation market, and that the superannuation guarantee system had resulted in Australia having the highest penetration of defined contribution funds of all countries surveyed.
AUTHOR
Mike Taylor
Recommended for you
The structural shift towards active ETFs will reshape the asset management industry, according to McKinsey, and financial advisers will be a key group for managers to focus their distribution.
ASIC has warned that practices across the $200 billion private credit market are inconsistent and, in some cases, require serious improvement.
A surge in electricity prices has driven the monthly Consumer Price Index to its highest level in a year, exceeding forecasts.
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
3
DomaCom DFS Mortgage
67.30 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
