Super fund merger activity drives move to mega-funds
30.5% KPMG projections in the report show that by 30 June 2021, industry funds will have overtaken SMSFs and, by 2025, will represent 36 percent of the market. The report says that seven mergers have been announced since 30 June 2020 and many more are in discussions. when the current merger activity completes, based on 30 June 2020 data, 76 percent of AUM and 77 percent of member accounts will be managed by the top 12 funds / providers with AUM >$50bn and 47 percent of AUM and 43 percent of member accounts will be managed by 5 $100 billion + ‘mega funds’ [QSuper/Sunsuper/PostSuper, Austra...
Source: miragenews.com