Super funds hit A$1.3trn in 2010

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AUSTRALIA - Superannuation assets rose 7.7% in 2010 hitting A$1.32trn ($1.32trn) at year end, according to quarterly data by the Australian Prudential Regulation Authority.

In the fourth quarter alone, assets rose A$37.7bn. In the same time period, industry fund assets grew by 3.7% (A$8.9bn) to A$246.7 billion, corporate funds by 3.6% (A$2.1bn) to A$60.3bn, public sec...

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