The booming nature of funds under management down under
It may be off the beaten track for most international roadshows but, make no mistake, fund management is booming in Australia. It is the rise of the superannuation funds – which control compulsory pension fund contributions from employers – from virtually nothing five years ago to market dominance that explains the boom in the industry in Sydney and Melbourne.
Out of some A$516 bn now under management, more than A$400 bn is in the hands of compulsory superannuation funds. That
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