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5655.0 - Managed Funds, Australia, Sep 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 03/12/2010   
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SEPTEMBER KEY FIGURES

Sep Qtr 2009
Jun Qtr 2010
Sep Qtr 2010
$m
$m
$m

TOTAL MANAGED FUNDS INDUSTRY
1 641 408
1 669 965
1 706 594
Consolidated assets total managed funds institutions
1 296 515
1 324 100
1 357 420
Cross invested assets between managed funds institutions
411 575
425 541
447 318
Unconsolidated assets total managed funds institutions
1 708 089
1 749 642
1 804 738
Life insurance corporations
227 503
223 327
230 567
Superannuation (pension) funds
1 146 165
1 192 709
1 250 857
Public offer (retail) unit trusts
275 533
281 679
280 394
All other managed funds institutions
58 888
51 927
42 920


Managed Funds
Graph: Managed Funds

Unconsolidated Assets, by type of institution
Graph: Unconsolidated Assets, by type of institution




SEPTEMBER KEY POINTS


INDUSTRY FUNDS UNDER MANAGEMENT
  • At 30 September 2010 the managed funds industry had $1,706.6b funds under management, an increase of $36.6b (2%) on the June quarter 2010 figure of $1,670.0b. This increase was driven primarily by the increase in consolidated assets of managed funds institutions of $33.3b.


CONSOLIDATED ASSETS
  • As at 30 September 2010 the consolidated assets of managed funds institutions was $1,357.4b, an increase of $33.3b (3%) on the June quarter 2010 figure of $1,324.1b.
  • The main asset types to increase during the quarter were shares, $29.8b (8%); deposits, $8.3b (5%); units in trust, $4.6b (4%); overseas assets, $4.8b (2%); and land, buildings and equipment, $2.2b (1%). These were offset by decreases in short term securities, $13.1b (13%); bonds, etc, $3.6b (4%); other non-financial assets, $0.3b (1%); and derivatives, $0.1b (3%).
  • The main valuation effects that occurred during the September 2010 quarter were as follows: the S&P/ASX 200 increased 6.5%, the price of foreign shares (represented by the MSCI World Index) increased 12.3% and the A$ appreciated 13.4% against the US$.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2010 25 February 2011
March 2011 26 May 2011
June 2011 25 August 2011
September 2011 24 November 2011



REVISIONS

With the introduction of new survey forms incorporating revised international standards there have been revisions to virtually all series. In addition coverage improvements have contributed to revisions, most notably to the public offer (retail) unit trusts series (Table 5).


CHANGES IN THIS ISSUE

The format of, and data within, this publication have changed with this issue. The time series have therefore also been impacted, but are only available back to and including September quarter 2005 at this time. The complete series backcast to June quarter 1988 will be available in the December quarter 2010 issue due for release on 25 February 2011.

The changes result from the incorporation of revised international standards. Information on these changes was published in Information paper: Changes to Managed Funds, Australia to incorporate revised international standards (cat. no. 5655.0.55.002) released on 28 October 2010. For further information on the specific issues involved please contact Judy Sykes on 02 6252 5222 or alternatively judy.sykes@abs.gov.au.

The changes to form types fit into four broad categories :
  • inclusion of new data items (mostly further dissections of existing items) as a result of the revised international standards;
  • deletion of existing low priority data items;
  • new layouts, to better reflect ABS standards in form design (e.g. adding include/exclude directions against items); and
  • the introduction of reporting via an electronic form.

These changes resulted in revisions to data, due to the new data requirements and the improved quality of data reporting arising from improved form layout and instructions.

In addition, when the revised form types were introduced the survey population was updated, improving the coverage of the statistics.


CHANGES IN UPCOMING ISSUES

The complete series backcast to June quarter 1988 will be available in the December quarter 2010 issue due for release on 25 February 2011.


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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