5655.0 - Managed Funds, Australia, March 2012
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/05/2012
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 31 March 2012 the consolidated assets of managed funds institutions was $1,475.8b, an increase of $67.2b (5%) on the December quarter 2011 figure of $1,408.6b. Consolidated assets by types of asset The asset types to increase during the quarter were shares, $28.5b (7%); overseas assets, $15.9b (7%); deposits, $10.8b (6%); units in trusts, $5.4b (3%); bonds, etc., $4.1b (6%); short term securities, $2.4b (3%); land, buildings and equipment, $1.5b (1%); and loans and placements, $0.5b (1%). These were partially offset by decreases in other non-financial assets, $1.2b (6%); and derivatives, $0.4b (20%). Other financial assets was flat. The following chart shows the level at 31 March 2012 of the asset types of managed funds institutions. UNCONSOLIDATED ASSETS Life insurance corporations At 31 March 2012, total unconsolidated assets of life insurance corporations were $238.3b, an increase of $10.5b (5%) on the December quarter 2011 figure of $227.8b. The increases were in units in trusts $4.1b (3%); shares, $2.4b (14%); bonds, etc., $2.4b (13%); loans and placements, $0.7b (32%); assets overseas $0.7b (5%); short term securities, $0.4b (5%); and deposits, $0.4b (4%). These were partially offset by decreases in derivatives $0.2b (37%); other non-financial assets, $0.2b (6%); and other financial assets $0.2b (4%). Land, buildings and equipment was flat. Cross investment within life insurance corporations was $2.5b, an increase of $0.5b (24%) over the previous quarter. Net policy liabilities increased $7.4b (4%) to $204.0b. Superannuation (pension) funds At 31 March 2012, total unconsolidated assets of superannuation funds were $1,327.1b, an increase of $72.0b (6%) on the December quarter 2011 figure of $1,255.1b. The increases were in shares, $25.0b (7%); assets overseas, $15.2b (8%); deposits, $10.2b (6%); units in trusts, $9.4b (6%); net equity of pension funds in life office reserves, $6.9b (4%); short term securities, $1.9b (3%); land, buildings and equipment, $1.8b (2%); and derivatives, $1.3b (10%); and bonds etc., $0.9b (2%). These were partially offset by a decrease in other financial assets, $0.9b (4%). Public offer (retail) unit trusts At 31 March 2012, total unconsolidated assets of public offer (retail) unit trusts were $263.5b, an increase of $3.0b (1%) on the December quarter 2011 figure of $260.5b. The increases were in units in trusts, $3.6b (6%); shares, $1.6b (5%); bonds etc., $0.4b (9%); and short term securities, $0.3b (11%). These were partially offset by decreases in other financial assets, $2.1b (21%); loans and placements $0.5b (3%); deposits, $0.4b (8%); land, buildings and equipment, $0.3b (0%) and derivatives, $0.2b (14%). Cross investment within public offer (retail) unit trusts was $30.4b, an increase of $1.5b (5%) on the previous quarter. Investor funds increased $7.9b (4%) to $206.1b; debt securities issued increased $1.4b (17%) to $9.4b; while loans and placements decreased $1.9b (6%) to $29.7b and other liabilities decreased $4.3b (19%) to $18.2b. Friendly societies At 31 March 2012, total unconsolidated assets of friendly societies were $6.1b, an increase of $0.1b (1%) on the previous quarter. Common funds At 31 March 2012, total unconsolidated assets of common funds were $8.1b, an increase of $0.1b (1%) on the previous quarter. Cash management trusts At 31 March 2012, the total unconsolidated assets of cash management trusts were $24.5b, an increase of $0.8b (3%) on the December quarter 2011 figure of $23.7b. The increases were deposits, $0.5b (10%) and bonds, etc., $0.5b (42%). These were partially offset by a decrease in units in trusts, $0.1b (7%). Cross investment within cash management trusts was $1.3b at 31 March 2012, down $0.1b (7%) on the previous quarter. Investor funds increased $0.8b (3%) to $24.4b. RESIDENT INVESTMENT MANAGERS Source of funds under management At 31 March 2012, total funds under management was $1,245.9b, an increase of $58.7b (5%) on the December quarter 2011 figure of $1,187.2b. At 31 March 2012, the value of funds under management on behalf of managed funds institutions was $843.6b, an increase of $39.6b (5%) on the December quarter 2011 figure of $804.0b. Increases were recorded in the value of superannuation funds, $33.5b (7%); public offer (retail) unit trusts, $5.8b (5%); and cash management trusts, $0.2b (1%). Common funds, friendly societies and life insurance corporations were flat. At 31 March 2012, the value of funds under management on behalf of sources other than managed funds was $333.9b, an increase of $15.8b (5%) on the December quarter 2011 figure of $318.2b. Increases were recorded in funds under management on behalf of wholesale financial trusts, $7.7b (6%); state and local government, $2.2b (5%); other sources, $1.6b (7%); non-government trading corporations, $1.5b (8%); other investment managers, $1.4b (20%); national government, $0.6b (1%); general insurance, $0.5b (1%); and government compensation schemes $0.1b (1%). Charities was flat. The value of funds under management on behalf of overseas sources at 31 March 2012 was $68.3b, an increase of $3.3b (5%) on the December quarter 2011 figure of $65.0b.
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