Leading Indicator Market Share report for June 2007
Results are extracted from the Leading Indicator Market Share report based on data as at 30th June 2007 released by DEXX&R.
Total Funds under Management/Administration (FUM/A) in the Retail and Wholesale markets increased by 19.5% to $954bn in the twelve months to June 2007.
In the three months to June 2007 total Retail and Wholesale FUM/A increased by $48.8bn compared with a net $1.1bn increase in the June 06 quarter.
The total Retail Market increased by 21.3% to $590bn over the twelve months and by $37.5bn in the June 2007 quarter.
Personal Superannuation was the strong growing market segment for the June 2007 quarter, recording a 10.1% increase to $193bn and an increase of $17.7bn in FUM/A in the June quarter.
The increase in FUM/A in the June 2006 quarter was $2.1bn. Four of the top ten companies recorded growth in FUM/A in excess of 10% in the quarter, Macquarie 28.2%, Asgard–15.6%, Navigator–15.0% and CFS–14%.
The Retail Investment market increased by 6.1% to $219bn in the June quarter. June quarter increase in FUM/A was $12.5bn almost ten times greater than the $1.4bn increase in the June 06 quarter.
Macquarie recorded the stronge growth in FUM/A in the June quarter with a 17.6% to $42.4bn. BT, Asgard and Navigator also recorded strong growth of greater than 5% each.
Note that a proportion of SMSF funds invested in managed funds are included in this segment.
The Employer Superannuation market segment increased by 3.69% to $85bn in the June 2007 quarter. The stronge growth was recorded by Colonial First State (CFS) with and increase of 36.2% over the quarter.
Both Asgard and AMP recorded strong growth over with quarter with increases of 6% and 5.1% respectively. The quarterly increase in FUM/A for the March 07 quarter of $3.15bn compares well with the $2bn increase recorded in the June 06 quarter.
In the Retirement Incomes market FUM/A held in Allocated Pensions and Term Allocated Pensions increased by 6.4% to $77.4bn in the June 07 quarter. CFS recorded a 11.8% increase in FUM/A, BT a 7.8% increase, and AMP a 7.5% increase.
The Wholesale Market, (Pooled Superannuation and Wholesale Trusts) increased by 3.2% to $365bn (net of retail). Three companies enjoyed growth of over 5% for the June quarter – AMP with 5.8%, Barclays with 5.6%, and Vanguard with 5.2%. A net increase in FUM/A of $11.2bn was recorded in the June 07 quarter.
27-Aug-2007