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5655.0 - Managed Funds, Australia, Jun 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 04/09/2008   
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JUNE KEY FIGURES

Jun Qtr 2007
Mar Qtr 2008
Jun Qtr 2008
CONSOLIDATED ASSETS
$m
$m
$m

Superannuation funds
802 066
784 381
798 958
Public unit trusts
295 361
283 401
275 155
Life insurance offices(a)
206 186
189 467
182 695
All other managed funds
62 411
62 462
62 651
Total
1 366 024
1 319 710
1 319 459

(a) Investments by superannuation funds which are held and administered by life insurance offices are included under life insurance offices.
Note: See note on consolidation in Explanatory Notes, paragraph 10.

Consolidated Assets, Type of institution
Graph: Consolidated assets, Type of institution

Consolidated Assets, Type of Asset
Graph: Consolidated assets, Type of asset




JUNE KEY POINTS


CONSOLIDATED ASSETS
  • At 30 June 2008, total consolidated assets of managed funds institutions was $1,319.5b, a decrease of $0.3b on the revised March quarter 2008 figure of $1,319.7b.
  • Consolidated assets of superannuation funds increased by $14.6b (2%); life insurance offices decreased by $6.8b (4%); and public unit trusts decreased by $8.2b (3%). Consolidated assets of common funds decreased by $0.1b (1%) while cash management trusts and friendly societies increased by $0.2b (0.4%) and $0.1b (3%) respectively.
  • Investment in equities and units in trusts decreased by $7.0b (1%); loans and placements decreased by $1.2b (3%); long term securities decreased by $1.5b (2%) and assets overseas decreased by $7.5b (3%). Cash and deposits increased by $5.2b (4%); short term securities increased by $2.2b (2%); land and buildings increased by $2.7b (2%) and other assets increased by $6.9b (17%) . During the June quarter 2008, the S&P/ASX 200 fell 2.2%, the price of foreign shares (represented by the MSCI World Index) fell 2.3% and the A$ appreciated against the US$ by 4.9%.
  • At 30 June 2008, investment managers had $1,180.8b in funds under management, down $37.8b (3%) on the revised March quarter 2008 figure of $1,218.6b. They managed $761.8b (58%) of the consolidated assets of managed funds institutions.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2008 27 November 2008
December 2008 26 February 2009
March 2009 28 May 2009
June 2009 27 August 2009



REVISIONS IN THIS ISSUE

There have been revisions in some series as a result of improvements to methodology and coverage; quality assurance work undertaken with data providers; and the receipt of revised administrative data. Specifically, superannuation data has been revised back to March 2001; life insurance offices data back to December 2003; public unit trust data back to June 2002; cash management trust data back to September 2007; and investment manager data back to June 2004. No revisions were made to friendly society or common funds data.


SUPERANNUATION

As highlighted in the June 2007 issue of this publication, estimates of the assets of superannuation funds as at 30 June 2007, were considered to be underestimated due to collection and compilation methods. The estimates for assets of superannuation funds presented in this publication have been revised to incorporate the data on self managed superannuation funds (SMSFs) for the 2006-07 financial year reported to the Australian Taxation Office (ATO). These estimates now give a more accurate measure of the increased contributions made to superannuation funds prior to legislation changes which came into effect from 1 July 2007. Delays in the processing of this data have resulted in a delay to the release of this issue.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Judy Sykes on Canberra (02) 6252 5222.


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