As per a recent update by Australian Bureau of Statistics (ABS), the managed funds industry recorded $3,874 billion of funds under management at 30 September 2019, an increase of 2.3 per cent on the June quarter 2019 figure.
During September Quarter 2019, ABS also reported increases in the following:
- Funds managed by Australian investment managers on account of Australian entities except managed funds institutions – rise of 1.5 per cent or $9.8 billion
- Consolidated assets of managed funds institutions – increase of 2.5 per cent or $74.2 billion
- Funds managed by Australian investment managers on account of overseas investors – up by 3.3 per cent or $4.2 billion
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.