Australia’s mutual fund industry is set for a bonanza over the next decade, with assets under management forecast to reach a total of US$1.32 trillion by 2015.
Latest figures from the Reserve Bank of Australia show the country has leapfrogged Italy to become the world’s fourth-largest mutual fund asset pool, with US$433.6 billion under management. The research has been compiled by the Investment Company Institute on behalf of the International Investment Funds Association.
The business opportunity provided by this rapid growth has been spotted by foreign investment houses.
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