ANOTHER RECORD AS ASSETS UNDER CUSTODY SURGE TO $4.7 TRILLION

Sydney, AUSTRALIA – The Australian Custodial Services Association (ACSA), the peak industry body for custodians and asset service providers in Australia today released industry data showing assets under custody increased by 5.8 per cent to a new record of $4.7 trillion in the six months to 31 December 2021. 

Total Assets Under Custody for Australian Investors (AUD Billion)

Source: Australian Custodial Services Association – Industry Statistics December 2021, Table 1 

ACSA Chief Executive, David Travers, said the record result occurred on the back of strong financial markets in the December half and reflected confidence in the key services provided by the securities services industry. 

“Our members reported a consistent increase for Australian and offshore assets for Australian investors of 6.1 per cent and 5.4 per cent respectively, compared to an increase of only 0.4 per cent for assets held onshore for foreign investors,” Mr Travers said.

“While part of this differential is the result of currency valuation changes and buoyancy in traded securities markets, it can also be traced to the long-term trend of institutional investors repositioning portfolios so as to seek balanced returns. There was also onboarding of new custody mandates on the part of some members evident in the relative movements during the half,” he said.

Read the media release in full here.