Super fund assets hit A$1.3bn in Q1

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AUSTRALIA - Superannuation assets increased by 3.3% to A$1.36trn (US$1.44trn) in the first quarter of 2011, the Australian Prudential Regulatory Authority (APRA) said.

Over the 12 months to March 2011 there was an 8.6% increase in total estimated assets, the Authority added. Industry funds' assets increased by 4.4% in Q1, while corporate funds' assets increase...

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