APRA releases quarterly superannuation statistics for June 2009

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The Australian Prudential Regulation Authority (APRA) today released its June 2009 Quarterly Superannuation Performance publication, which shows total estimated assets grew over the quarter by $64.9 billion, or 6.4 per cent, to a total of $1.08 trillion.

Over the June quarter, the assets of retail funds grew by 7.1 per cent ($20.3 billion) to $306.0 billion. Assets of industry funds grew by 6.1 per cent ($11.0 billion) to $191.1 billion, corporate funds by 5.5 per cent ($2.8 billion) to $54.8 billion and public sector funds by 4.8 per cent ($6.9 billion) to $151.6 billion.

Contributions to funds with at least $50 million in assets over the June quarter were $23.0 billion, with employers contributing $17.2 billion and members contributing $5.6 billion. Other contributions, including spouse contributions and government co-contributions, totalled $238 million.

During the June quarter, retail funds received 40.3 per cent ($9.3 billion) of total contributions, industry funds 31.0 per cent ($7.1 billion), public sector funds 23.0 per cent ($5.3 billion) and corporate funds 5.7 per cent ($1.3 billion).

The total rate of return was 4.4 per cent for the June 2009 quarter. The rate of return for retail funds was 5.5 per cent, corporate funds 5.2 per cent, public sector funds 3.5 per cent and industry funds 3.1 per cent.

Refer to the June 2009 Quarterly Superannuation Performance publication.