POWERED BY MOMENTUM MEDIA
Assets under custody sees jumps to $3.7t
The Australian Custodial Services Association (ACSA) has released new asset servicing industry statistics for the six-months ending 30 June 2019, showing an increase of 4.2% in assets under custody (AUC) for both Australian and foreign investors.
JP Morgan was still the top AUC for Australian investors at $809.4 billion with a 1.5% change.
NAB Asset Servicing ($564 billion; 6.6% change); Citigroup ($506.7 billion; 9.9% change); BNP Paribas ($501 billion; 6.6% change); and State Street ($489.5 billion; 9.6% change) rounded out the top five.
Robert J Brown, ACSA chief executive, said total AUC for Australian investors jumped by 4.2% to $3.7 trillion.
“The figures show that assets under custody bounced back after a decline in the six-months ending 31 December, 2018, increases in value have been influenced by strong performance of underlying investment markets along with inward flows,” Brown said.
“Assets held in Australia for foreign investors (sub-custody) increased by 10.6% to $1.6 trillion at the end of June 2019 also reversing the decline in value evidenced in the prior period.
“Looking forward for ACSA, the finalisation of our Managed Funds Improvement Program, continued advocacy for efficient implementation of regulatory change and engagement on ASX CHESS Replacement Project remain key priorities for the sector.”
AUC for foreign investors jumped 10.6% to $1.7 trillion, with the top five HSBC ($1.2 trillion; 10.3% change); JP Morgan (244.8 billion; 16.9% change); Citigroup ($158 billion; 3.3% change); BNP Paribas (19.8 billion; 26.1% change); and NAB Asset Servicing ($9 billion; no change).
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
