POWERED BY MOMENTUM MEDIA
Retail non-super outgrows inside super
Retail investment (non-super) growth outstripped employer superannuation and personal super funds under management and advice (FUM/A), according to DEXX&R.
DEXX&R’s latest Analysis Market Share Report based on retail and wholesale FUM/A found retail investment FUM/A increased 5.7 per cent ($10.7 billion) to $197.7 billion over the year to December 2016.
Macquarie recorded the top increase of 8.8 per cent to $51.1 billion, followed by Westpac (8.4 per cent to $42.8 billion), and Commonwealth Bank (six per cent to $33.1 billion).
Personal super recorded a 3.1 per cent increase of $6 billion, employer super a three per cent increase of $4.5 billion and retirement incomes a 3.2 per cent increase of $5.9 billion.
FUM/A held in retail and wholesale managed funds increased by 2.8 per cent to $1.16 trillion over the year to December 2016.
Within the five largest retail and wholesale managers, Westpac recorded the highest growth at 5.6 per cent to $139.7 billion, followed by AMP (5.2 per cent to $151.3 billion), NAB (3.4 per cent to $157.8 billion), and Commonwealth Bank (0.2 per cent to $142.2 billion).
The report also found over the same period, retirement income FUM/A increased by 3.2 per cent, or $5.8 billion, to $187.3 billion at December 2016.
Recommended for you
The corporate watchdog is preparing to publish a progress report on private credit this September, following a comprehensive review of the rapidly expanding market.
The fund has appointed Fotine Kotsilas as its new chief risk officer, continuing a series of executive changes aimed at driving growth, but NGS Super’s CEO has assured the fund won’t pursue growth for growth’s sake.
AMP Super has taken a strategic stake in Atmos Renewables, funding major battery and wind farm projects to boost Australia’s clean energy transition.
The major superannuation fund is facing legal action from ASIC after allegedly failing to inform the regulator about investigations into serious member service issues.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 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(%)
