High growth forecasted for Australia's funds industry

Double-digit growth rates for the country''s managed funds industry are expected to attract more foreign fund managers.

Funds under management in Australia is expected to reach A$2.3 billion $1.25 billion by 2015 largely as a result of the continuous growth in contributions to the country's superannuation funds industry, according to a new government report.

Axiss, an advisory body set up by the government to promote Australia as a global financial services centre in Asia, forecasts average growth rates of between 10% and 20% a year for the country's managed investments market over the next 10 to...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: high | growth | forecasted | australias | funds | industry

Print Edition

FinanceAsia Print Edition

EVENTS