Industry Analysis & Industry Trends
The Australian Funds Management Services industry is thriving. Domestic managers have attracted funds from all over the world due to their experience and a strong track record. The portion of funds sourced from overseas markets has grown significantly over the past five years. Furthermore, fund managers have been able to access a larger asset base as funds under management (FUM) continue to grow. Australia's growing number of high net-worth individuals has increased the need for investment services, fuelling industry growth. Industry revenue is forecast to increase at an annualised 4.8% over the five years through 2015-16, with current year growth of 10.6%, to reach $7.2 billion.
The performance of the sharemarket has strongly influenced industry revenue... purchase to read more
Industry Report - Industry Analysis Chapter
Fund managers offer a variety of products and different levels of service depending on a client's size. Tailored mandate solutions are available for larger clients, while smaller investors can tap into the skills of fund managers through a registered investment scheme. The amount of money managed by fund managers, or total assets, is commonly referred to as funds under management (FUM). In 2015-16, assets invested by Australian fund managers on behalf of clients are forecast to reach $959.6 billion. Industry revenue is projected to grow at an annualised 4.8% over the five years through 2015-16, driven by strong growth in FUM, from which operators generate management and performance fees... purchase to read more