Peter Costello (Higgins, Liberal Party, Treasurer) Share this | Hansard source

I thank the honourable member for Dobell for his question. Today the Australian Bureau of Statistics released data on managed funds which showed that in the December quarter of 2006 total consolidated assets of managed funds increased 4.6 per cent and grew to nearly $1.1 trillion. Let me say that again: the amount of managed funds in Australia as at the end of December 2006 is now about $1.1 trillion.

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