POWERED BY MOMENTUM MEDIA
Employer super FUM/A up by 17 per cent
Employer super funds under management and advice (FUM/A) rose by 17.4 per cent or $17.4 billion over the year to September, Dexx&R research has showed.
National Australia Bank's (NAB's) employer super FUM/A outclassed its peers, with an increase of 32.6 per cent over the year.
NAB's FUM/A rose to $26.4 billion at September 2013, up from $20 billion at September 2012.
This substantial increase comes due to Plum Financial Services' recent success in winning mammoth super scheme tenders for NAB, including BHP Billiton's $2.8 billion super fund.
Westpac recorded a 16.6 per cent boost in FUM/A to $15.5 billion, Mercer jumped by 12.9 per cent to $13.2 billion and AMP rose by 12.2 per cent to $24.7 billion.
Personal super FUM/A rose by 13.2 per cent, or $22 billion, in the 12 months to September, reaching $189 billion.
It increased by 4.1 per cent in the September quarter to $189 billion, up from $181 billion at June 2013.
Westpac and IOOF recorded a 19 per cent increase while NAB rose by 18.2 per cent for the 12-month period.
Funds under management and advice (FUM/A) held in retail and wholesale managed funds shot up by 16.4 per cent to $953 billion in the 12 months to September.
It comes on the back of hefty investment returns and bigger inflows into superannuation, retirement incomes, and retail investment segments.
Of the top five retail and wholesale managers, Macquarie Group's FUM/A rose by 3.3 per cent or $16.1 billion to $64.5 billion over the 12 months to September 2013.
It comes on the back of Macquarie Group's acquisition of Perpetual's private wealth administration platform during the June quarter, adding $7.6 billion to its FUM/A.
Recommended for you
Infrastructure well-positioned to hedge against global uncertainty, says investment chief.
The fund manager remains positive on the outlook for gold and believes ongoing market volatility will provide opportunities to acquire small-cap stocks in promising sectors.
T. Rowe Price Group VP said investment strategies must adapt to an ageing population, as Australians outlive their retirement savings.
The international asset manager expects AI will reach a point in the near future where it can autonomously manage investments within certain parameters set by fund managers.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
