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EEcocnoonmioc mstaiticsti Scst –a ItMisF tniect sd e–b tI dMatFa (Nas ea tp eDrceenbtatg De oaf tGaD P) General government net debt as a percentage of GDP 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Australia IMF - Advanced economies Source: International Monetary Fund, World Economic Outlook Database - April 2014, accessed 6 May 2014 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 -10.0 % Source: International Monetary Fund, World Economic Outlook Database - April 2014, accessed 6 May 2014 Global significance of Australia’s investment fund assets pool Investment fund assets, US$ billion, June quarter, 2014 41 66 127 309 561 New Zealand Taiwan India South Korea China Japan Singapore Hong Kong Australia Current 2010 Value 2005 1990 2000 1995 Japan Canada Brazil UK Singapore Ireland France Hong Kong Australia Luxembourg USA Note: Circles are not to scale. Data between countries is not strictly comparable. Refers to home domiciled funds, except Hong Kong and New Zealand, which include home and foreign-domiciled funds. Funds of funds are not included, except for France, Germany, Italy and Luxembourg. In this statistical release, ‘investment fund’ refers to a publicly offered, open-end fund investing in transferable securities and money market funds. It is equivalent to ‘mutual fund’ in the US and ‘UCITS’ (Undertakings for the Collective Investment of Transferable Securities) in the European Fund and Asset Management Association’s statistics on the European investment fund industry. Australia’s investment funds in the Investment Company Institute survey only include consolidated assets of collective investment institutions.Sources: Investment Company Institute, Worldwide Mutual Fund Assets and Flows, Second Quarter 2014 (released 2 October 2014); Hong Kong’s data (Non-REIT fund management business – the sum of asset management business and fund advisory business of licensed corporations), sourced from Securities and Futures Commission, Fund Management Activities Survey 2013 (released July 2014); Singapore’s data sourced from Monetary Authority of Singapore, 2013 Singapore Asset Management. The world’s largest pool of funds under management – set for growth. Australia’s pool of Funds Under Management (FUM) is the third largest in the world and the largest in the Asian region, according to the investment company institute’s worldwide mutual fund assets and flows data. The global significance of Australia’s Funds Under Management and the maturity of its funds industry underscores its potential to further develop as a regional funds management centre. 42 The Last Sentry at the Gate: Clive Palmer & the 44th Parliament of Australia


THe Last Sentry at the Gate 1
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