Total super assets down slightly year-on-year to March 2016

Superannuation assets totalled $2.03 billion at the end of March 2016, down -0.6% compared to March 2015, according to the latest APRA superannuation statistics.

$452.7 billion of this total was held in MySuper products as at March 2016, up 7.7% from a year earlier.

APRA superannuation statistics, Total assets in MySuper products: March 2015 - March 2016

Total SMSF assets was $589.9 billion, up 0.2%. The total number of SMSFs was 572,424, up 4.56% from March 2015, and up 1.14% since December 2015.

APRA superannuation statistics, Number of SMSFs: March 2015 - March 2016

“There were $24.0 billion of contributions in the March 2016 quarter, up 0.6 per cent from the March 2015 quarter ($23.8 billion). Total contributions for the year ending March 2016 were $104.0 billion. Outward benefit transfers exceeded inward benefit transfers by $1.3 billion in the March 2016 quarter,” said APRA.

“The annual industry-wide rate of return (ROR) for entities with more than four members for the year ending March 2016 was -1.5 per cent. The five year average annualised ROR to March 2016 was 6.7 per cent.”

“As at the end of the March 2016 quarter, 48.5 per cent of the $1.3 trillion investments were invested in equities; with 22.6 per cent in Australian listed equities, 21.3 per cent in international listed equities and 4.6 per cent in unlisted equities. Fixed income and cash investments accounted for 33.7 per cent of investments; 21.0 per cent in fixed income and 12.7 per cent in cash. Property and infrastructure accounted for 13.8 per cent of investments and 4.0 per cent were invested in other assets, including hedge funds and commodities.”

Note that these figures are subject to revision.

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