5655.0 - Managed Funds, Australia, Sep 2008
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/11/2008
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ANALYSIS By type of asset The major asset movements for the quarter were equities and units in trusts, down by $34.2b (7%); cash and deposits, up $3.3b (2%); short term securities, up $2.5b (2%); assets overseas, up $2.2b (0.9%); land and buildings, up $1.5b (0.9%); and other assets down by $1.9b (4%). Cross investment The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 September 2008.
UNCONSOLIDATED ASSETS Life insurance offices At 30 September 2008, the total unconsolidated assets of life insurance offices were $226.7b, a decrease of $5.8b (2%) on the revised June quarter 2008 figure of $232.5b. Increases were recorded in short term securities of $0.7b (8%), cash and deposits at banks of $0.3b (6%) and other non-financial assets of $0.4b (22%). Offsetting this were decreases in equities and units in trusts of $6.5b (4%), and assets overseas of $0.7b (7%). Superannuation funds The total unconsolidated assets of superannuation funds held outside of life offices was $948.9b at 30 September 2008, a decrease of $19.3b (2%) on the revised June 2008 figure of $968.2b. Major decreases were recorded for: equities and units in trusts of $29.7b (7%); and long term securities of $1.4b (3%). These decreases were partially offset by increases in: cash and deposits of $4.8b (3%); assets overseas of $3.4b (2%); short term securities of $3.0b (8%), and land and buildings of $1.3b (2%). Public unit trusts The total unconsolidated assets for public unit trusts was $299.1b at 30 September 2008, down $9.2b (3%) on the revised June 2008 figure of $308.3b. The major decreases were in equities and units in trusts, down $6.2b (6%), cash and deposits, down $0.5b (7%) and other financial assets, down $1.3b (17%). These were partially offset by an increase of $0.2b (0.2%) in land and buildings. Friendly societies At 30 September 2008, total unconsolidated assets of friendly societies were $6.9b, down $0.2b (2%) on the June quarter 2008 figure. The major decrease was in other non-financial assets, down $0.1b (32%), as well as marginal decreases in short term securities and loans and placements. Common funds At 30 September 2008, the total unconsolidated assets of common funds was $12.2b, up $0.2b (2%) on the June quarter 2008 figure of $12.0b. The major increases were in cash and deposits at banks, up $0.3b (11%), and equities and units in trusts, up $0.1b (10%). This was offset by decreases in short term securities, down $0.1b (4%) and long term securities, down $0.1b (7%). Cash management trusts At 30 September 2008, the total unconsolidated assets of cash management trusts was $45.2b, down $2.2b (5%) on the June quarter 2008 figure of $47.4b. The major decreases were in bills of exchange, down $1.3b (16%), cash and deposits with banks, down $1.1b (23%), and other short term securities, down $0.5b (11%). This was partially offset by increases holdings of bank certificates of deposit, up $1.0b (4%). INVESTMENT MANAGERS Source of funds under management During the September quarter 2008 there was a decrease in total funds under management by investment managers of $48.8b (4%) on the revised June quarter 2008 figure, bringing the total funds under management to $1,132.4b. The value of funds under management on behalf of superannuation funds decreased by $18.3b (4%), public unit trusts decreased by $2.6b (2%), and life insurance offices decreased by $1.8b (1%). During the quarter the value of funds under management on behalf of sources other than managed funds was $325.7b, a decrease of $22.5b (6%) on the revised June quarter 2008 figure of $348.2b. The largest decreases were in funds under management on behalf of other trusts, down $10.6b (8%); other sources, down $4.8b (11%); government, down $4.8b (5%); and other investment managers, down $2.1b (7%). The value of funds under management on behalf of overseas sources was $49.1b, a decrease of $2.0b (4%) on the revised June quarter 2008 figure. Document Selection These documents will be presented in a new window.
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