SMSF market share sees modest rise
The latest APRA statistics show total SMSF assets grew by $31.8 billion in the 12 months to 30 June 2016, with the SMSF market share as a proportion of total superannuation assets also increasing slightly.
The statistics revealed total SMSF assets increased by 5.4 per cent from $589.9 billion at 30 June 2015 to $621.7 billion at 30 June 2016.
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Total SMSF assets accounted for 29.6 per cent of the $2,099.45 billion in total superannuation assets at 30 June 2016, up slightly from 29.2 per cent in 2015.
APRA-regulated assets increased by 3.7 per cent from $1,246.0 billion at 30 June 2015 to $1,292.24 billion in 2016.
