Superannuation assets grew strongly in the March quarter of 2023 as a result of both the ongoing recovery in investment markets and continued strong contribution flows.
Total superannuation assets increased by 3.2 percent over the quarter to $3.5 trillion at the end of March 2023. Total superannuation assets have returned to levels last recorded at the end of December 2021 ($3.5 trillion) and have recovered from their decline over the June and September quarters of 2022. Total MySuper assets increased by 5.1 per cent over the March quarter 2023 to $964.5 billion and have surpassed the previous high at the end of December 2021 ($946.8 billion).
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