In this article, we will look at proposals to introduce
Corporate Collective Investment Vehicles ("CCIV") in
Australia, give a brief outline and history behind what CCIV is,
whether or not it's worth the wait for fund managers, and what
to expect going forward...
Australia's funds management industry has been measured as
the sixth largest in the world (behind the USA (by a very long
way), Luxembourg (by about half), Ireland, Germany and France and
ahead of Singapore, the UK, Japan and China) and the largest in the
Asia-Pacific region, largely as a result of Australia's pool of
superannuation assets.
"Australia's collective investment sector is mainly
made up of Australian resident investors using Australian funds for
investment in Australian assets... there is potential for
significant growth if Australian funds were to more actively target
the management of funds sourced from foreign investors,
particularly for investment in foreign assets..."
1
