Funds management recovers
The Australian funds management market is continuing its recovery, posting a second successive quarter of growth in funds under management, according to the latest data produced by research house Dexx&r.
The data shows that the market posted a 10.4 per cent rise in funds under management or administration (FUM/A) during the September quarter, with the market sectors experiencing the largest rise being superannuation and retirement incomes (which increased by 10.8 per cent and 10.5 per cent respectively).
Dexx&r said that in both market segments, FUM/A had increased over the 12 months to September.
The data showed that Australian shares, international shares and property had all experienced significant growth during the quarter — although each had experienced a decrease in annualised terms.
AUTHOR
Mike Taylor
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