Super assets rebound in Q4 AUM surge

Posted by Anton Murray Consulting on 11 Mar, 2024


Superannuation assets have risen 3.8 per cent to $3.7 trillion, according to the latest Australian Prudential Regulation Authority (APRA) quarterly data. This compared to a marginal decline of 0.1 per cent over the September quarter, driven by a rise in member benefit payments as well as negative investment returns in the quarter that offset positive inflows. The prudential regulator attributed this latest rise to strong growth in APRA-regulated funds and strong returns from financial markets.

Some $2.6 trillion was held in APRA-regulated assets and while the body did not disclose how much of this was in MySuper products, both the June and September quarters saw 12-month growth surpassing 12 per cent. Industry super funds held $1.27 trillion, followed by retail ones at $713 billion and public sector at $534 billion. Corporate funds, meanwhile, made up just $47.3 billion, down from $56.5 billion last quarter.

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