Alternatives dominate new managed investment product registrations
Alternative products were the most popular type of managed investment product registered in the last financial year, according to analysis of product attributes by APIR Systems.
According to APIR chief executive, Chris Donohoe, a key observation from the most recent managed investment product data was that products identifying as alternatives accounted for almost half (48.22%) of new registrations.
Shares were the next most popular, accounting for 37.87% of new registrations, followed by fixed income at 8.88% and cash/cash equivalent at 5.03.
“In all, 57.10% identified as wholesale products, with 39.94% as retail and 2.96% as other.
The majority (57.40%) stated the investment objective as income and growth, while 24.26% stated income only and 18.34% per cent stated growth only.
Just over half of the registrations had a domestic geographical focus, while 42.31% had a global (including Australia) focus and 6.80% had an international (excluding Australia) focus.
The alternatives category covered a broad range of asset types and registrations predominately comprised mortgage and single asset property funds. These funds were generally closed end funds and had a shorter investment cycle than traditional managed investment products.
Donohoe said the FY 2021/22 data included a breakdown of important product attributes at a granular level, and provided a valuable snapshot of the state of play in the Australian market.
“APIR will release this information on an annual basis in the future, and will provide time series comparisons in future years,” he said.
Recommended for you
Schroders has appointed a new chief executive as Simon Doyle steps down from the asset manager after 22 years.
Distribution of private credit funds through advised channels to retail investors will be an ASIC priority for 2026 as it releases the results of its thematic fund surveillance and guidance for research houses.
State Street Investment Management has taken a minority stake in private market secondaries manager Coller Capital with the pair set to collaborate on broaden each firm’s reach and drive innovation.
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.
