Australian equities continue to be the most popular asset class, accounting for 28 per cent of the market, according to an InvestorSupermarket report.
Australian equities were worth $358 billion at the end of the June quarter, according to the report.
International equities were the second most popular asset class with total assets under management (TAUM) of $247 billion or 19.4 per cent of the market.
The third biggest asset class was Australian fixed interest with TAUM of $175 billion or 13.7 per cent market share.
BT Financial Group maintained its number one rank as the biggest manager of Australian equities with TAUM of $44 billion. Commonwealth/Colonial First State was the second largest Australian equities manager with $31 billion. National Australia Bank/MLC/Navigator was the third largest with $29 billion in TAUM.
National Australia Bank/MLC/Navigator was also the largest international equities investment manager with $23 billion in TAUM followed by State Street Global Advisors with $21 billion and Platinum Asset Management with $18 billion.
Commonwealth/Colonial First State, AMP and National Australia Bank/Navigator were the dominant Australian fixed interest managers, with $25 billion, $14 billion and $13 billion in TAUM respectively.
