The registration of 257 financial products in the 2024 September quarter was in line with the five-year rolling average for that period and indicates a healthy investment industry, according to APIR chief executive Chris Donohoe.
APIR identifies, codes and manages reference data for unlisted financial products. In its 30 years of operation, it has identified over 30,000 individual financial products.
“The data indicates a solid start to the 2024-25 financial year, with the September quarter having the highest average number of product registrations across the four quarters,” Mr Donohoe said.
Key highlights from the September quarter were:
- Registrations of managed investment products at 193 were up almost 9.7 per cent on the quarterly average over the past five years.
- Managed accounts product registrations at 49 were 82 per cent higher than the rolling five-year average for the period.
- Registration of superannuation products were considerably lower than the rolling five-year average for the period, at 15.
- 16 new participants registered to use the APIR coding regime during the period, almost double the quarterly average.
- Terminations for the September 2024 quarter at 65 were down significantly on the rolling five-year average for the period.
“While registrations for the September quarter are in line with the five-year rolling average, it is positive to see a significant overall increase in the number of active products being used by the industry given a slowdown in product terminations,” Mr Donohoe said.
“The September quarter data suggests the industry continues to develop new products and leverage the significant benefits of the APIR coding regime.”
The latest quarterly statistics also reveal the trend of the last 18 months of growth in wholesale managed funds registrations continued – with 57 per cent identifying as wholesale funds.
Additionally, there was a rise in the number of funds with a growth-only investment objective registered in the quarter at 41, making up 21 per cent - up from 14 per cent in 2023-24 and 16 per cent in 2022-23.
“With the economic outlook for inflation and interest rates having changed significantly over the last two years, it will be interesting to track these emerging trends as product manufacturers respond to the changing environment,” Mr Donohoe said.
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