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Alternative Market Briefing

Asia Pacific investors dominate Australian fund scene

Wednesday, November 21, 2012

Beverly Chandler, Opalesque London: A new report from the Financial Services Council and The Trust Company offers a unique insight into funds flowing into Australia, particularly after tax policy changes, introduced in response to the 2009 Johnson Report, Australia as a Financial Centre, Building on Our Strengths.

The Cross-Border Flows Report found that the Asia Pacific region is by far the biggest contributor of foreign fund flows into Australian managed funds, or Managed Investment Trusts (MIT).

Highlights of the report include:

1. 20 (large) fund managers responded to the survey. They managed $33.6 billion of the $65 billion AUM sourced from overseas investors as calculated by the ABS (Australian Bureau of Statistics)

2. Asia Pacific investors accounted for 68% of AUM from offshore investors. Europe accounted for 13%, UK for 9%, and US for just 5%. 3. The largest offshore investor type was other ʻfund managersʼ (55% of AUM), followed by pension funds (18%), ʻown fundʼ (presumably offshore subsidiaries or offshore parent company) at 16%, and sovereign wealth funds (8%). The Johnson Report made 19 recommendations to position Australia as a leading financial services centre in the Asia Pacific region. John Brogden, CEO of the Financial Services Council said: "The Johnson Report identified Australia’s comparative advantage in funds management, an advantage that derives from our proximity to ......................

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