5655.0 - Managed Funds, Australia, Mar 2016  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 26/05/2016   
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MARCH KEY FIGURES

Dec Qtr 2015
Mar Qtr 2016
$m
$m

Total managed funds industry
2 654 921
2 633 102
Consolidated assets total managed funds institutions
2 086 165
2 069 294
Cross invested assets between managed funds institutions
538 698
531 667
Unconsolidated assets total managed funds institutions
2 624 862
2 600 961
Life insurance corporations
297 723
291 579
Superannuation (pension) funds
1 957 459
1 941 818
Public offer (retail) unit trusts
319 349
317 201
All other managed funds institutions
50 332
50 363


Managed Funds
Graph: Managed Funds

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




MARCH KEY POINTS


TOTAL MANAGED FUNDS INDUSTRY
  • At 31 March 2016, the managed funds industry had $2,633.1b funds under management, a decrease of $21.8b (1%) on the December quarter 2015 figure of $2,654.9b.
  • The main valuation effects that occurred during the March quarter 2016 were as follows: the S&P/ASX 200 decreased 4.0%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, decreased 0.9%; and the A$ appreciated 4.8% against the US$.


CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
  • At 31 March 2016, the consolidated assets of managed funds institutions were $2,069.3b, a decrease of $16.9b (1%) on the December quarter 2015 figure of $2,086.2b.
  • The asset types that decreased were overseas assets, $10.8b (3%); units in trusts, $5.9b (3%); shares, $5.9b (1%); deposits, $1.0b (0%) and loans and placements, $0.3b (1%). These were partially offset by increases in short term securities, $2.2b (2%); other financial assets, $2.1b (7%); bonds, etc., $1.1b (1%); land, buildings and equipment, $1.1b (0%); other non-financial assets, $0.3b (3%) and derivatives, $0.2b (5%).


CROSS INVESTED ASSETS
  • At 31 March 2016, there were $531.7b of assets cross invested between managed funds institutions.


UNCONSOLIDATED ASSETS
  • At 31 March 2016, the unconsolidated assets of superannuation (pension) funds decreased $15.6b (1%), life insurance corporations decreased $6.1b (2%); public offer (retail) unit trusts decreased $2.1b (1%) and friendly societies decreased $0.1b (2%). Cash management trusts increased $0.2b (0%). Common funds were flat.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2016 25 August 2016
September 2016 24 November 2016
December 2016 23 February 2017
March 2017 25 May 2017



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.
  • Table 3 Life insurance corporations - revised back to the December quarter 2015.
  • Table 4 Superannuation (pension) funds - revised back to the March quarter 2014.
  • Table 5 Public offer (retail) unit trusts - revised back to the September quarter 2015.
  • Table 6 Friendly Societies - no revisions.
  • Table 7 Common funds - no revisions.
  • Table 8 Cash management trusts - revised back to the December quarter 2015.
  • Table 9 Resident Investment Managers - revised back to the March quarter 2014.


SUPERANNUATION DATA

As the ABS has previously advised, the Australian Prudential Regulation Authority (APRA) introduced an enhanced set of reporting forms for Registrable Superannuation Entities (RSEs) from September quarter 2013. A number of data items provided from the new APRA collections significantly deviate from the previous ones, both in concept and definition. Where the impact on an affected series could not be estimated, the ABS has been moving forward the affected series using cautiously chosen indicators derived from other ABS collections that have a very strong historical correlation to these series. This methodology will continue to be applied until additional superannuation data collection requirements can be implemented by APRA which satisfy the conceptual and definitional requirements of the ABS. Users are advised to continue exercising caution when using superannuation data in this publication.


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INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.