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effect of strongfundstrong size on the performance of australian
Working Paper
Effect of fund size on
the performance of Australian superannuation funds
Dr James Richard Cummings – March 2012
.au
Australian Prudential Regulation Authority
Disclaimer and copyright
While APRA endeavours to ensure the quality of this
publication, it does not accept any responsibility for
the accuracy, completeness or currency of the material
included in this publication and will not be liable
for any loss or damage arising out of any use of, or
reliance on, this publication.
© Australian Prudential Regulation Authority (APRA)
This work is licensed under the Creative Com-
mons Attribution 3.0 Australia Licence (CCBY 3.0).
This licence allows you to copy, distrib-
ute and adapt this work, provided you attribute the
work and do not suggest that APRA endorses you
or your work. To view a full copy of the terms of this
licence, visit /licenses/
by/3.0/au/.
Inquiries
For more information on the contents of this
publication contact:
James Cummings,
Policy Research and Statistics
Australian Prudential Regulation Authority
GPO Box 9836
Sydney NSW 2001
Tel: 61 62 9210 3000
Email: james.cummings@.au
Acknowledgements
Author:
James Richard Cummings, APRA
1
Effect of fund size on
the performance of Australian superannuation funds
by
Dr James Richard Cummings
Australian Prudential Regulation Authority
March 2012
Abstract: This paper finds that fund size has a positive impact on the performance of not-
for-profit superannuation funds, which
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