The Australian Prudential Regulation Authority (APRA) today released its December 2009 Quarterly Superannuation Performance publication. It shows that total estimated assets grew over the quarter by $39.0 billion, or 3.3 per cent, to a total of $1.23 trillion.
Over the December quarter the assets of industry funds grew by 4.3 per cent ($9.1 billion) to $218.9 billion, public sector funds by 3.3 per cent ($5.5 billion) to $172.6 billion, retail funds by 2.6 per cent ($8.7 billion) to $345.7 billion, and corporate funds by 1.6 per cent ($0.9 billion) to $59.9 billion.
Contributions to funds with at least $50 million in assets over the December quarter were $19.2 billion, with employers contributing $15.0 billion and members contributing $3.6 billion. Other contributions, including spouse contributions and government co-contributions, totalled $596 million.
During the December quarter, retail funds received 32.7 per cent ($6.3 billion) of total contributions, industry funds 31.5 per cent ($6.1 billion), public sector funds 29.2 per cent ($5.6 billion), and corporate funds received 6.5 per cent ($1.3 billion).
The combined rate of return was 2.3 per cent for the December quarter. The rate of return for corporate, industry and public sector funds was 2.5 per cent, and retail funds 2.1 per cent.
Refer to the December 2009 Quarterly Superannuation Performance publication.