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5655.0 - Managed Funds, Australia, Sep 2013  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/11/2013   
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SEPTEMBER KEY FIGURES

Jun Qtr 2013
Sep Qtr 2013
$m
$m

Total managed funds industry
2 131 187
2 216 188
Consolidated assets total managed funds institutions
1 699 942
1 767 786
Cross invested assets between managed funds institutions
432 322
457 909
Unconsolidated assets total managed funds institutions
2 132 265
2 225 695
Life insurance corporations
255 206
265 445
Superannuation (pension) funds
1 562 855
1 642 460
Public offer (retail) unit trusts
274 757
279 610
All other managed funds institutions
39 447
38 180


Managed Funds
Graph: Managed Funds

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




SEPTEMBER KEY POINTS


TOTAL MANAGED FUNDS INDUSTRY
  • At 30 September 2013, the managed funds industry had $2,216.2b funds under management, an increase of $85.0b (4%) on the June quarter 2013 figure of $2,131.2b.
  • The main valuation effects that occurred during the September quarter 2013 were as follows: the S&P/ASX 200 increased 8.7%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 7.6%; and the A$ appreciated 0.4% against the US$.


CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
  • At 30 September 2013, the consolidated assets of managed funds institutions were $1,767.8b, an increase of $67.8b (4%) on the June quarter 2013 figure of $1,699.9b.
  • The asset types that increased were shares, $40.2b (8%); units in trusts, $8.5b (5%); deposits, $5.9b (2%); overseas assets, $5.9b (2%); short term securities, $5.6b (5%); bonds, etc., $4.2b (5%); land, buildings and equipment, $1.2b (1%); and loans and placements, $0.7b (2%). These were partially offset by decreases in other financial assets, $3.5b (10%); derivatives, $0.4b (22%); and other non-financial assets, $0.4b (2%).


CROSS INVESTED ASSETS
  • At 30 September 2013, there were $457.9b of assets cross invested between managed funds institutions.


UNCONSOLIDATED ASSETS
  • At 30 September 2013, the unconsolidated assets of superannuation (pension) funds increased $79.6b (5%), life insurance corporations increased $10.2b (4%), public offer (retail) unit trusts increased $4.9b (2%), and friendly societies increased $0.2b (3%). Cash management trusts decreased $1.2b (5%), and common funds decreased $0.2b (2%).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2013 27 February 2014
March 2014 29 May 2014
June 2014 28 August 2014
September 2014 27 November 2014



REVISIONS

There have been revisions as a result of the receipt of revised administrative data, survey data and due to the inclusion of new survey respondents.
  • Life insurance offices data was revised back to June quarter 2009.
  • Superannuation funds, public offer (retail) unit trusts and Investment managers data was revised back to September quarter 2005.
  • Friendly societies, common funds and cash management trusts had no revisions.


SIGNIFICANT EVENTS

Under Stronger Super initiatives, the Australian Prudential Regulation Authority (APRA) introduced an enhanced set of reporting forms for Registrable Superannuation Entities (RSEs) effective from 1 July 2013. It also concurrently revoked some of the previous statistical forms that the ABS used in the compilation of superannuation data in the Managed Funds publication. Data items available from the new APRA collections significantly deviate from the previous ones both conceptually and definitionally. The ABS has managed, through the quality assurance process coordinated by APRA, to isolate and quantify the resultant impacts on affected series and incorporate them into the editing process. When it was not possible to quantify the impact, in order to move forward a few affected series the ABS has cautiously chosen indicators derived from other ABS collections that have a very strong historical correlation to these series. This methodology will also be applied in the next three issues of Managed Funds publication. Users are advised to exercise caution when using superannuation data in this publication.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Joan Zhang on Sydney (02) 9268 4812.


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