NAB and AMP maintained their top two positions as at 31 March 2013, with $119 billion and $114 billion in FUM/A respectively. Westpac and CBA held the third and fourth spots, with $111 billion and $107 billion, while there was a substantial drop off before reaching the fifth spot, where Macquarie sits with $53.7 billion.
Within the combined market, retail FUM/A stood at $541 billion as at 31 March 2013, while the wholesale market (ie, pooled superannuation trusts and wholesale trusts) accounted for $328 billion, according to DEXX&R.
The retail market increased by 9.5 per cent over the year to March, and the wholesale market was up by 7.62 per cent for the year.
Breaking the retail market down into segments, the retirement incomes space saw the biggest increase in FUM/A – up by 5.1 per cent ($6 billion) in the quarter to $124 billion.
The top three companies in the retirement incomes segment were Colonial First State (CFS), BT Financial Group and MLC, with $24 billion, $21 billion and $17 billion in FUM/A, respectively.
Employer superannuation grew by 4.3 per cent over the March quarter to $106 billion, with CFS outstripping the other top 10 companies in the segment to see FUM/A increase by 6.9 per cent.
Total FUM/A in personal superannuation rose by $6.2 billion to $174 billion in the March quarter, with CFS (5.6 per cent) and OnePath (5.1 per cent) recording the highest growth in FUM/A.
Retail investment outside superannuation increased by 4.4 per cent to $5.4 billion, with CFS and AMP growing their FUM/A by 12.4 per cent and 11.4 per cent, respectively.
The wholesale market increased by 5.2 per cent to $327.7 billion in the first quarter of 2013, according to DEXX&R.
