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Custody sector hits $3t
Total assets under custody (AUC) for Australian investors have hit $3 trillion, representing two times the total market value of the S&P/ASX200, according to the Australian Custodial Services Association (ACSA).
The custodial and administration sector grew by 5.3 per cent in the second half of 2016, compared to 1.4 per cent.
ACSA’s report found JP Morgan was the largest overall provider in the customer market for the second time in a row at $624.04 billion, followed by NAB ($513 billion), BNP Paribas ($472 billion), State Street ($397.04 billion), and Citigroup ($393 billion).
Ausmaq had the largest increase in AUC at 115.3 per cent, followed by State Street (45.3 per cent), Netwealth (20 per cent), and Citigroup (19.2 per cent).
ACSA said while the sector had overall positive growth, the on-shore bias remained strong as $2.14 trillion of total AUC comprised of Australian assets compared to $973 billion in non-Australian assets.
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TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
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