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Funds under management report: 2007-08
Total funds under management (FUM) in the wholesale market of pooled superannuation and wholesale trusts decreased by 14.4 per cent from June 2007-08, dropping $53.4 billion to $317.3 billion, according to the Analysis Market Share Report released by Dexx&r.
Total retail and wholesale FUM dropped by $115 billion to $849 billion in the last year, a drop of 11.9 per cent. It decreased by 3.7 per cent in the June quarter.
The employer superannuation market declined by a small 0.3 per cent for the quarter to $77.4 billion, while the personal superannuation market suffered a decline of 15.3 per cent, a fall of $29.5 billion, over 12 months to June.
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