Australia Custody & Asset Service Industry AUM Increased to $3.3 Trillion & AuA to $3.9 Trillion at the End of 2024 June
20th August 2024 | Hong Kong
Australia custody & asset service industry AUM (Assets under Management) has increased to $3.3 trillion (AUD 5 trillion) and AuA (Assets under Administration) to $3.9 trillion (AUD 5.8 trillion) at the end of 2024 June. Australian Custodial Services Association (ACSA) 12/8/24: “Data released today by the Australian Custodial Services Association (ACSA), the peak industry body for custodians and asset service providers in Australia, revealed a 5.7% rise in assets under custody to $5.04 trillion in the six months to 30 June 2024. Markets demonstrated strong momentum in the first half of 2024, with assets under custody in June 2024 surpassing $5 trillion for the first time. Individual custodians fared differently throughout the period due to increased movements in custody assets within the industry (for more details visit ACSA’s website). According to the latest ACSA data, Australian investors increased their allocation to overseas assets during the period by 11.4% to $1.8 trillion during the half, with Australian-domiciled investments increasing 3.0% to $3.2 trillion. Assets held in Australia on behalf of offshore investors (sub-custody assets) increased by 4.4% to $2.2 trillion. Asset servicing providers in Australia had $5.8 trillion in assets under administration as at 30 June 2024, up 7.1%, and settled 11.4 million trades in the six months, a decrease of 2% compared to the previous six months. ACSA members, on average, settled approximately 87,500 trades per day on behalf of clients.”
“ Australia Custody & Asset Service Industry AUM Increased to $3.3 Trillion & AuA to $3.9 Trillion at the End of 2024 June “
ACSA CEO David Travers: ““In the June half investors increased their allocation to offshore investments to take advantage of investment opportunities and momentum building in offshore markets. Locally, there has been greater stability in the asset levels reported by ACSA with relatively small changes in assets under custody, although there was a moderate uplift in assets under administration. ACSA and its members remain focused on their response to regulatory change and evolving changes to market frameworks, such as global moves toward T+1, continued support for the ASX on CHESS and its replacement program, and local discussions on T+1. Innovation, industry engagement and best practice solutions remain a critical focus for achieving efficiency in custody and investment administration. ACSA remains well placed to address the opportunities and challenges in the coming year through our working groups and dedicated industry volunteers.”
Australia Custody & Asset Service Industry AUM Increased to $3.3 Trillion & AuA to $3.9 Trillion at the End of 2024 June
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
