Funds continue to rise
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Tuesday, 14 September, 1999 - 22:00
THE value of managed funds continues to spiral upward driven largely by a 4 per cent increase in the consolidated assets of superannuation funds and a 5 per cent increase in public unit trust assets.
The value of consolidated assets of managed funds at 30 June was $508.4 billion, an increase of $13.1
billion or 3 per cent on 31 March figures.
During the June quarter there was an increase in total funds under management by investment managers of $14.1 billion, bringing the total sources of funds under management to $470.4 billion.
The largest increases were in funds sources from superannuation funds, life insurance offices and
public unit trusts.
The value of funds’ assets invested through investment managers was $390.1 billion at 30 June. This represented 77 per cent of all consolidated assets of managed funds.
The value of consolidated assets of managed funds at 30 June was $508.4 billion, an increase of $13.1
billion or 3 per cent on 31 March figures.
During the June quarter there was an increase in total funds under management by investment managers of $14.1 billion, bringing the total sources of funds under management to $470.4 billion.
The largest increases were in funds sources from superannuation funds, life insurance offices and
public unit trusts.
The value of funds’ assets invested through investment managers was $390.1 billion at 30 June. This represented 77 per cent of all consolidated assets of managed funds.