Australia’s 188-year-old David Jones enters voluntary administration, with its 38 stores continuing to trade while administrators seek a buyer or recapitalisation.

Australia's superannuation pool now stands at $4.8 trillion AUD ($3.3 trillion USD) with $2.6 trillion managed by institutional funds on behalf of 19 million citizens. Because the domestic market cannot absorb this capital volume, roughly 50% is deployed overseas.