- The proportion of super funds (pension funds) assets held in cash rose from 14.3 per cent to 15 per cent in the June quarter, well above the decade average of 9.2 per cent. Super fund holdings of cash assets rose to a record high $158.9 billion in the June quarter.
- Australian companies are maintaining very liquid balance sheets. Corporate Australia held a record $255.6 billion in cash and deposits as at June. As a proportion of total financial assets, companies held 30.4 per cent of financial assets in cash – the highest in almost 11 years
- The financial wealth of Australians slumped in the June quarter – largely due to 11.6 per cent slide in equity markets. Net financial assets of households slumped by 8.4 per cent after rising by 1.5 per cent in the March quarter.
- Per capita financial wealth fell almost $4000 to just under $41,000 in the last quarter. Financial wealth is down 23 per cent below the record set in late 2007.
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