Assets under custody in Australia rise by 2% in Dec half to $4.5 trillion

Data released today by the Australian Custodial Services Association (ACSA), the peak industry body for custodians and asset service providers in Australia, revealed a 1.9% rise in assets under custody to $4.5 trillion in the six months to 31 December 2023.

Source: Australian Custodial Services Association, full breakdown available at https://acsa.com.au/page/IndustryStatistics

Markets demonstrated increased stability in the second half of 2023, with assets under custody in December 2023 maintaining a gradual increase from the June reporting period. Individual custodians experienced different performance outcomes throughout the year due to increased custody asset movements within the industry (for more details visit ACSA’s website).

According to the latest ACSA data, Australian investors increased their allocation to overseas assets during the period by 5.1% to $1.6 trillion, with Australian-domiciled investments remaining stable at $2.9 trillion. Assets held in Australia on behalf of offshore investors (subcustody assets) increased by 5.6% to exceed $2 trillion.

Asset servicing providers in Australia had $5.4 trillion in assets under administration as at 31 December 2023, up 3.0%, and settled 11.6 million trades in the six-month period, an increase of 1% over the previous six months. ACSA members, on average, settled approximately 89,250 trades per day on behalf of clients.

ACSA Chief Executive Officer David Travers said that the past six months ACSA has maintained its momentum, driven by significant market and regulatory change. 

A full copy of the statistics can be found here.

Read the media release in full here.

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Kate Skokan
Sefiani Communications Group
0433 782 494
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