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Major inflows into public sector and industry super funds continues
Retail super fund total assets stagnate as public sector and industry super funds capture a greater share of the $2.93 trillion superannuation asset pie.
Public sector funds and industry super funds have grown their total assets in the year to September 30 2019 by a considerable 12.9% and 14.6% respectively. This is according to the latest Quarterly Superannuation Performance Statistics publication for the September 2019 quarter released by the Australian Prudential Regulation Authority (APRA) on Tuesday.This growth in assets in these fund types was far in excess of the increases in assets experienced by the other major fund types with corpora...
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Authors: Damian Ryan
Published Date: 29 November 2019
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