5655.0 - Managed Funds, Australia, June 2011
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/08/2011
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions As at 30 June 2011 the consolidated assets of managed funds institutions was $1,449.1b, a decrease of $1.6b (0.1%) on the March quarter 2011 figure of $1,450.7b. Consolidated assets by types of asset The asset types to decrease during the quarter were shares, $16.4b (4%); short term securities, $1.8b (2%); bonds etc, $1.2b (2%); overseas assets, $1.2b (1%); and loans and placements, $0.2b (1%). These were partially offset by increases in other financial assets, $7.8b (23%); deposits, $6.9b (4%); land, buildings and equipment, $2.6b (2%); units in trusts, $1.0b (1%); other non-financial assets, $0.7b (4%); and derivatives, $0.1b (6%). The following chart shows the level at 30 June 2011 of the asset types of Managed Funds Institutions. UNCONSOLIDATED ASSETS Life insurance corporations At 30 June 2011, total unconsolidated assets of life insurance corporations were $234.6b, a decrease of $4.9b (2%) on the March quarter 2011 figure of $239.4b. The major decreases were in unlisted shares, $2.1b (22%) and short term securities, $1.8b (20%). These were partially offset by increases in deposits, $0.9b (12%) and loans and placements, $0.5b (19%). Cross investment within life insurance corporations was $2.6b, a slight decrease over the previous quarter. Net policy liabilities decreased $1.6b (1%) to $204.0b; loans and placements decreased $1.8b (64%); other liabilities decreased $0.9b (13%) and debt securities issued decreased $0.4b (15%). Superannuation (pension) funds At 30 June 2011, total unconsolidated assets of superannuation funds were $1,299.4b, an increase of $2.2b (0.2%) on the March quarter 2011 figure of $1,297.3b. The major increases were in deposits, $7.4b (5%); other financial assets, $5.3b (32%); land, buildings and equipment, $2.9b (4%) and assets overseas, $0.7b (0.4%). These were partially offset by decreases in shares, $10.5b (3%); net equity of pension funds in life office reserves, $2.0b (1%); and units in trusts, $1.1b (1%). Public offer (retail) unit trusts At 30 June 2011, total unconsolidated assets of public offer (retail) unit trusts were $282.8b, a decrease of $4.4b (2%) on the March quarter 2011 figure of $287.2b. The largest decreases were in shares, $2.9b (8%); assets overseas, $1.7b (4%); loans and placements, $1.1b (6%); units in trusts, $1.1b (1%); and deposits, $0.8b (15%). These were partially offset by increases in other financial assets, $3.1b (52%); and other non-financial assets, $0.5b (8%). Cross investment within public offer (retail) unit trusts was $34.1b, down $1.2b (3%) on the previous quarter. Investor funds decreased $8.4b (4%) to $216.3b; debt securities issued decreased $3.8b (35%); and loan and placement liabilities increased $4.9b (16%). Friendly societies At 30 June 2011, total unconsolidated assets of friendly societies were $6.3b, down $0.1b (2%) on the previous quarter. Common funds At 30 June 2011, total unconsolidated assets of common funds were $8.2b, down $0.1b (1%) on the previous quarter. Cash management trusts At 30 June 2011, the total unconsolidated assets of cash management trusts were $24.2b, a decrease of $0.5b (2%) on the March quarter 2011 figure of $24.7b. The major decreases were in deposits, $0.6b (9%); bills of exchange, $0.4b (34%); and bank certificates of deposit, $0.4b (3%). These were partially offset by an increase in commercial paper issued by other financial corporations, $0.9b (63%). Cross investment within cash management trusts was up $0.1b (4%) from the previous quarter. Investor funds decreased by $0.5b (2%). RESIDENT INVESTMENT MANAGERS Source of funds under management At 30 June 2011 total funds under management was $1,186.6b, an decrease of $12.8b (1%) on the March quarter 2011 figure of $1,199.4b. The value of funds under management on behalf of Australian managed funds was $1,125.1b, a decrease of $13.9b on the March quarter 2011 figure of $1,139.0b. Superannuation funds decreased $6.0b (1%); public offer (retail) unit trusts decreased $3.7b (3%); cash management trusts decreased $0.3b (2%); and life insurance corporations increased $0.7b (1%). At 30 June 2011, the value of funds under management on behalf of Australian sources other than managed funds was $325.4b, a decrease of $4.5b (1%) on the March quarter 2011 figure of $329.8b. The major decreases were in funds under management on behalf of general insurance, $2.3b (7%); other investment managers, $2.2b (19%); and wholesale financial trusts, $2.1b (2%). These were partially offset by an increase in funds under management on behalf of state and local government, $3.5b (9%). The value of funds under management on behalf of overseas sources at 30 June 2011 was $61.5b, an increase of $1.1b (2%) on the March quarter 2011 figure of $60.3b.
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