APRA’s Quarterly Superannuation Performance statistics for the quarter to June 2015, released yesterday, found super assets totalled $2 trillion – the same result as the March 2015 quarter.
Net contribution flows for entities with more than four members during the June 2015 quarter were $12.7 billion, while the rate of return for the same group was -1.7 per cent.
Breaking down the $2 trillion superannuation industry, APRA-regulated funds accounted for $1.25 trillion and the ATO-regulated SMSF sector accounted for $589.9 billion.
Exempt schemes and the balance of life office statutory funds accounted for $130.8 billion and $55.8 billion, respectively.
Total assets in MySuper products totalled $428.0 billion at the end of the June 2015 quarter, according to APRA.
Over the 12 months from June 2014 there was a 18.2 per cent increase in total assets in MySuper products, said the regulator.
APRA also gave a breakdown of the asset allocation of the superannuation industry.
“As at the end of the June 2015 quarter, 51 per cent of the $1.3 trillion investments for entities with at least four members were invested in equities; with 24 per cent in Australian listed equities, 23 per cent in international listed equities and 5 per cent in unlisted equities.
“Fixed income and cash investments accounted for 32 per cent of investments – 19 per cent in fixed income and 13 per cent in cash.
“Property and infrastructure accounted for 12 per cent of investments and 4 per cent were invested in other assets, including hedge funds and commodities,” said APRA.
