Industry funds reap lion’s share of new super flows

Statistics released by the Australian Prudential Regulation Authority show that $21.4 billion in new contributions went into superannuation in the 3 months to June, and $150 billion in the 12 months to June. Industry funds continue to be the strongest sector of the market with assets increasing by 3.1 per cent over the June quarter, or $4.6 billion, to $154.6 billion. This was more than double the 1.3 per cent growth rate for the industry as a whole.