Australian superannuation assets were up 9.6% for the year ended Sept. 30, according to the Australian Prudential Regulation Authority’s quarterly performance report, released Thursday.
Assets rose to A$1.87 trillion (US$1.64 trillion) at the end of September, up from A$1.84 trillion three months earlier and A$1.71 trillion a year earlier.
The report said the industrywide rate of return for entities with more than four members was 8.2% over the trailing 12 months. The five-year annualized return was 6.9%.
APRA said asset allocation among entities with at least four members was 51% equities, 33% fixed income and cash, 12% property and infrastructure, and 4% other (including hedge funds and commodities).