Super flows continue to make waves

By Mike Taylor

Funds being allocated to superannuation and other forms of retirement incomes are continuing to grow strongly, according to the latest data produced by research house Dexx&r.

Dexx&r’s Leading Indicator Report, released last week, showed total funds under management in the retail and wholesale markets increased by 18 per cent to $597 billion for the 12 months ending December 2004.

The Sydney-based research group said the total retail market grew by 17.2 per cent to $374 billion, with master funds and platforms representing 41.3 per cent of total retail products.

Dexx&r said the retail employer superannuation market segment increased by 17.5 per cent to $55.6 billion during the period, with the strongest growth being recorded by BT Financial Group, Asgard and Colonial First State (CFS).

In terms of personal super, the market increased by 15.5 per cent to $118.2 billion, with Macquarie recording the strongest growth in funds under management, followed by CFS and Asgard.

In the retirement incomes market, Dexx&r said funds under management held by allocated pensions increased by 16.3 per cent to $43.8 billion, with State Super recording the strongest increase followed by CFS and BT Financial Group.

The wholesale market increased by 19.3 per cent to $223.7 billion, with Macquarie leading the way followed by UBS and Barclays.