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Monday, 21 October 2019   (0 Comments)
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The Australian Custodial Services Association (ACSA) today released new asset servicing industry statistics for the six-months ending 30 June 2019.

The figures show that the value of assets under custody for both Australian and foreign investors increased in the six months since December.


ACSA Chief Executive, Robert J Brown said that total assets under custody for Australian investors jumped by 4.2 per cent for the first six months of 2019 to $3.7 trillion.

“The figures show that assets under custody bounced back after a decline in the six-months ending 31 Dec 2018, increases in value have been influenced by strong performance of underlying investment markets along with inward flows.” Mr Brown said.

“Assets held in Australia for foreign investors (sub-custody) increased by 10.6 percent to $1.6 trillion at the end of June 2019 also reversing the decline in value evidenced in the prior period.

“Looking forward for ACSA, the finalisation of our Managed Funds Improvement Program, continued advocacy for efficient implementation of regulatory change and engagement on ASX CHESS Replacement Project remain key priorities for the sector,” Mr Brown concluded.

Click here to read the media release in full.


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