The Australian Custodial Services Association (ACSA) today revealed that total assets under custody for Australian investors grew by 8.7% to $2.03 trillion for the second half of the year to 31 December 2012, driven by enlivened equity markets.

The research from ACSA – the peak industry body for Australia’s custody and asset administration sector – showed stronger growth in non-Australian assets under custody (14.5%) compared to Australian assets under custody (6.7%) for Australian investors.

 

Australian assets under custody for foreign investors (sub-custody) also grew by 13.5% indicating a strong rebound in local markets and global demand for custody and administration services.