Super funds are experiencing a strong year. As of June 30, 2013, total estimated assets rose by 15.5% from the previous year, posting a record $1.6 trillion for the first time since the global financial crisis.
Breaking down the superannuation asset types: Small funds, such as SMSFs, single member and APRA funds, which hold the largest market share at 31.5%, posted a 3.7% increase from the previous year, a strong indication that there is a strong demand for these asset types. Retail funds comprise 26% of the market share, with a 0.9% increase, followed by the Industry sector holding a 19.1% market share with a 6.6% increase. The public sector assets increased by 5.7%, holding a 15.9% share. Rounding up the list is the corporate sector – the only super type that has yet to recover, posting a decrease of 4.1 % from last year, with 4% of total assets. (Data courtesy of the Australian Prudential Regulation Authority)
It is also interesting to highlight the data from APRA that for SMSFs, the Net earnings after tax of this asset type increased dramatically, from $1,210 million of the previous year to $12,593 million as of June this year, a strong indicator that SMSFs are enjoying high asset and revenue gains.
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