Total funds under management (FUM) in the wholesale market of pooled superannuation and wholesale trusts decreased by 14.4 per cent from June 2007-08, dropping $53.4 billion to $317.3 billion, according to the Analysis Market Share Report released by Dexx&r.
Total retail and wholesale FUM dropped by $115 billion to $849 billion in the last year, a drop of 11.9 per cent. It decreased by 3.7 per cent in the June quarter.
The employer superannuation market declined by a small 0.3 per cent for the quarter to $77.4 billion, while the personal superannuation market suffered a decline of 15.3 per cent, a fall of $29.5 billion, over 12 months to June.
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights.
The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.