Australian assets under management growth leads world

Australia has recorded the fastest growing level of assets under management (AUM) among the world’s top 10 developed countries, growing faster than the Netherlands, Germany and the United States.

Data collected by The Boston Consulting Group and released yesterday show that total AUM (including superannuation and managed funds held by retail and institutional investors) grew by 14 per cent from US$1.4 trillion in 2011 to US$1.6 trillion in 2012.

China was the fastest growing country in 2012 with total AUM increasing by 23 per cent, resulting in a total AUM of US$1.6 trillion, on par with Australia among the world’s top 10 by AUM.

Australia’s AUM growth exceeded the Netherlands, which was up 12 per cent of US$1.9 trillion; Germany, which was up 11 percent to US$2.3 trillion, and the United States, up 10 percent to US$28.3 trillion.

Read more: http://www.moneymanagement.com.au/news/investment/funds-management/australian-assets-under-management-growth-leads-wo

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