Registrations of financial products in the September quarter of 2023 finished in line with the five-year rolling average for the same period, at 228 product registrations, 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.  

“It is a solid start to the 2023/24 financial year, led by above average registrations of traditional managed fund products which finished with 192 for the period,” Mr Donohoe says.

Key highlights from the September quarter were: 

• Registrations of managed investment products were up almost 18 per cent on the quarterly average over the past five years, at 192 
• Managed accounts product registrations were 50 per cent higher than the rolling five-year average for the period, at 27
• Registration of superannuation products, and in particular investment options, were considerably lower than the rolling five-year average for the period, at 7
• Terminations for the September 2023 quarter were down significantly on the rolling five-year average for the period, at 79.

“Overall, while registrations for the quarter are in line with the five year rolling average, it is pleasing to see the strength from both managed account and in particular managed fund product registrations,” Mr Donohoe says.     

Mr Donohoe notes that the latest quarterly statistics show continued growth in the percentage of new managed funds registrations that were wholesale products - 57 per cent.

“Additionally, there was a rise in fund of fund products registered in the quarter, at 43, while the number of funds distributing quarterly and monthly increased to 67 per cent - up from 60 per cent in FY 2022/23 and 53 per cent in FY 2021/22. 

“It will be interesting to keep an eye on these emerging trends as product manufacturers continue to respond to the higher inflation and interest rate environment,” Mr Donohoe says. 

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