Investing can be a capricious undertaking. Calm conditions can swiftly give way to manic swings – it only takes a rumour, an announcement or a data release to cause destabilisation. The investment vehicles – mostly trusts – comprising the Financial Asset Investors industry were reminded of the fickle nature of markets in 2007-08, when several years of rising assets and revenue gave way to a total meltdown of the global economy. Over subsequent years markets remained unstable, exhibiting long runs of uncertainty and volatility. The industry had a modest year in 2011-12 and the mood is not expected to change in 2012-13.
This industry comprises units (except units of separately constituted superannuation funds) that are engaged in investing money on their own account in predominantly financial assets, including mortgages. Also included are investment-type unit trusts engaged in holding financial assets. The funds of unlisted and listed property unit trusts are excluded from this report.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.