Industry funds experienced the largest increase in assets during the March quarter, with retail funds experiencing the smallest asset rise for the same period, according to the latest Australian Prudential Regulation Authority (APRA) superannuation statistics.
The APRA figures revealed industry funds witnessed a 4.4 per cent rise in their asset levels, which was 0.4 per cent better than corporate super funds, which experienced a 3.7 per cent increase in their assets.
Self-managed superannuation fund (SMSF) assets climbed by 3.3 cent, just outdoing the 3 per cent growth in public sector fund assets for the quarter.
The smallest increase in assets was recorded by retail super funds at 2.3 per cent.
In all, the total value of superannuation assets in the country came to $1.36 trillion after an overall increase of 3.3 per cent for the March quarter.
The result means total estimated superannuation assets for the past year jumped by 8.6 per cent.
Out of this total, the statistics showed SMSFs still accounted for the largest segment of super assets, representing 31.9 per cent of the asset pool.
In regard to contributions, industry funds received the most for the March quarter, with members paying in $6.2 billion during the period.
Retail funds fared better in the contribution stakes, receiving $6 billion in member payments over the three months.
A total of $18.9 billion of contributions was made in the first quarter of the year.
