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Sovereign Wealth Funds Briefing - Categorized | Performance

Australia’s flourishing Superannuation Fund industry surpasses 1.5 trillion

Posted on 19 July 2013

Australia’s expanding superannuation fund industry has attracted a mob of global asset management firms wanting to manage those retirement assets. The battle for superannuation market share is intense as companies have invested resources setting up offices in Australia. In Australia, superannuation delivers retirement income streams for individuals.
Australia is the fourth biggest pool of superannuation savings globally. Moving up the ranks, the superannuation market is behind the United States, Japan and the United Kingdom – slightly ahead of Canada. Australia’s superannuation fund assets in aggregate are approaching A$ 1.6 trillion, expectations with increased contributions and investment returns may grow assets by 1.5x to 2x in a decade………………………………………..Full Article: Source


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