The last financial year has seen a continued steady growth in the number of fund registrations, according to APIR Systems, despite growing global economic uncertainty.
Specifically, APIR Systems reported 719 managed fund registrations in FY2024–25, ending 30 June. According to APIR chief executive Chris Donohoe, while the total number of product registrations was down slightly from last year (844), they still ended the financial year up 7.4 per cent on the five-year rolling average.
Managed investment products continue to dominate industry product choices, making up 85.2 per cent of registrations during FY24–25, also finishing 18.9 per cent above the rolling five-year average.
Managed accounts (SMA model) registrations also had a strong year, sitting 25.7 per cent above the rolling five-year average.
APIR also suggested that the major rationalisation of superannuation options has now been completed, with the fact that archiving has been 85.7 per cent below the five-year average being used as evidence for this.
There were also 41 new participant registrations in 2024–25, a net increase of almost 10 per cent on the previous year.
According to Donohoe, these results remain strong despite significant market volatility caused by conflicts in Europe and the Middle East, the continued fallout of COVID-19, as well as the global economic uncertainty in the wake of the election of Donald Trump.
“We have seen consistently higher levels of registrations, particularly of managed investment and managed account products, for several years now. The data reflects a normalisation of industry activity post the uncertainties created by COVID,” Donohoe said, highlighting his belief that FY25–26 will see continued product innovation, reflected in strong registrations.
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