Private debt is the smallest yet the fastest growing component of private market assets in super.
Private debt amounts to just 7% of total private market assets in super, but has grown 75% in two years.
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New Zealand’s KiwiSaver scheme has grown from $112 billion to $123 billion in funds under management over the year to 31 March 2025.
The $11.2 billion growth was made up of $6.5 billion from investment earnings and $4.7 billion in net fund flows.
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Private market assets in super amount to $400 billion.
Private real assets forms the largest component of private market assets, making up 67% of the total private market assets pool.
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Dual access Exchange Traded Products (ETPs), which are transacted both on stock exchanges and off-market through funds managers, can cost four times as much as the rest of the Australian ETP market
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The makeup of SMSF portfolios has evolved notably over the past decade.
Cash holdings have decreased from 33% of total assets in 2013 to around 15% in 2024.
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The self-managed superannuation fund (SMSF) sector, despite slowing overall growth, continues to direct an increasing share of its $933 billion in assets toward managed investment products.
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Australia's financial advice industry is grappling with a sharp decline in the number of registered advisers.
Rainmaker has postulated four scenarios for the future of Australia's financial adviser sector.
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The latest Managed Fund Net Flows report highlights the investment managers with leading net flows over the last 12 months.
@Betashares leads the way, followed by BlackRock, @vaneck_au, @Macquarie Asset Management and Metrics Credit Partners.
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ETPs are stomping the world of unlisted unit trusts.
The ETPs with the highest net flows over the year to 31 March 2024 were @BlackRock iShares Global Bond Index Fund and @Betashares Australia 200 ETF and @vanguard_au Australia Shares Index ETF.
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The RainmakerLive Adviser Movements Pipeline showed 37 advisers transferring across AFSLs in February 2024, with New South Wales recording the most transfers.
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The authorisations with the highest occurrence across the financial adviser market are superannuation (14,084), managed investment schemes (13,351) and deposits and payment products (13,078).
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Insurance risk market inflows rose slightly by 1.1% over the year to September 2023, from $18.0 billion to $18.2 billion.
TAL Australia saw an annual increase of risk inflows of 3.2%, while Zurich increased by 5.8%.
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Indexed investing is on-track to surpass $1 trillion by 2026, when it should account for more than one-quarter of all investment management FUM.
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The number of financial advisers authorised to provide product specific advice for managed discretionary accounts has only fallen 6.1%, in a market where the 25.5% of advisers have exited in the past three years.
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ETPs are winning distribution battle with unit trusts, experiencing positive net inflows, while unit trusts have experienced net outflows at a much faster rate.
To learn more, download Rainmaker's research titled "The Year in Wealth Management: 2023":
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In five years, the share of platform FUA held in managed accounts almost tripled. Meanwhile, the share of managed accounts held in SMAs doubled from 30% to 60%.
To learn more, download Rainmaker's research titled "The Year in Wealth Management: 2023": com.pulse.ly/5yxw7s2szo
Rainmaker projects that more than 43% of institutional #superannuation FUM will be internally managed by 2043.
To learn more, download Rainmaker's research titled "The Year in Wealth Management: 2023": com.pulse.ly/wbky7v8lor
The number of financial advisers has found its new floor at about 16,000. It has fallen 43% since its 2019 peak when it reached 28,000.
To learn more, download Rainmaker's research titled "The Year in Wealth Management: 2023": rainmaker.com.au/library/a-y…
The 2023 fiscal year witnessed remarkable performances in equity markets.
However, the ability of managed funds and superannuation funds to replicate these returns has raised questions for investors.
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