After taking into account some of these measurement issues, my colleagues at the Bank estimate that the Australian industry is among the world’s ten largest, though more likely towards the bottom of this group than in the top half. It is difficult to be more precise than this but, nonetheless, it is clear that the Australian funds management industry is large by international standards.
BIS Review 148/2007  1  Reasons for growth What has been behind this rapid expansion in the industry? A large part of the growth over the past couple of decades has been due to superannuation. Superannuation fund assets have grown by an average of 14½ per cent per annum since 1990, and now comprise about half the funds under management in Australia.