Industry Analysis & Industry Trends
The Australian Funds Management Services industry is thriving. Domestic managers have attracted funds from domestic and international investors 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 revenue growth. Industry revenue is forecast to increase at an annualised 5.2% over the five years through 2015-16, with current year growth of 6.0%, to reach $7.8 billion.
The Australian sharemarket's performance has strongly influenced industry revenue... purchase to read more
Industry Report - Industry Locations Chapter
In general, industry establishments are located in line with the distribution of major business and financial hubs, and the general population. The head offices of fund management firms are located predominantly in Sydney and Melbourne. This reflects the distribution of population and investors in New South Wales and Victoria, and the tendency to locate offices in cities that are regarded as financial centres. Many businesses in this industry are administered from a head-office, encouraging operators to choose locations in central business districts and minimise the need for regional establishments.
New South Wales and Victoria account for almost 63% of the establishments in Australia... purchase to read more