AUSTRALIA - Superannuation fund assets have helped to fuel rapid growth in Australia's fund management industry, which is now among the world's ten largest, according to Reserve Bank of Australia deputy governor Ric Battellino.
Speaking at the 20th Australasian Finance and Banking Conference, Battellino said, since 1990, the value of funds under management had grown at an annualised rate of 12.5%, and now stood at around ...
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