Retail non-super outgrows inside super

Retail investment (non-super) growth outstripped employer superannuation and personal super funds under management and advice (FUM/A), according to DEXX&R.

DEXX&R’s latest Analysis Market Share Report based on retail and wholesale FUM/A found retail investment FUM/A increased 5.7 per cent ($10.7 billion) to $197.7 billion over the year to December 2016.

Macquarie recorded the top increase of 8.8 per cent to $51.1 billion, followed by Westpac (8.4 per cent to $42.8 billion), and Commonwealth Bank (six per cent to $33.1 billion).

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Personal super recorded a 3.1 per cent increase of $6 billion, employer super a three per cent increase of $4.5 billion and retirement incomes a 3.2 per cent increase of $5.9 billion.

FUM/A held in retail and wholesale managed funds increased by 2.8 per cent to $1.16 trillion over the year to December 2016.

Within the five largest retail and wholesale managers, Westpac recorded the highest growth at 5.6 per cent to $139.7 billion, followed by AMP (5.2 per cent to $151.3 billion), NAB (3.4 per cent to $157.8 billion), and Commonwealth Bank (0.2 per cent to $142.2 billion).

The report also found over the same period, retirement income FUM/A increased by 3.2 per cent, or $5.8 billion, to $187.3 billion at December 2016.

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Hardly a surprise. If you stop people putting money into super, why would you expect any other result. Bit of a mess by the Labour and Greens. In the interest of stopping people putting money into super they have helped the retail industry.......

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