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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 30 June 2013, the consolidated assets of managed funds institutions were $1,698.9b, an increase of $31.3b (2%) on the March quarter 2013 figure of $1,667.7b. Consolidated assets by types of asset The asset types that increased were overseas assets, $20.9b (7%); deposits, $7.6b (3%); other financial assets, $4.2b (14%); units in trusts, $3.6b (2%); land, buildings and equipment, $3.3b (2%); short term securities, $1.3b (1%); and derivatives, $0.3b (20%). These were partially offset by decreases in shares, $8.7b (2%); other non-financial assets, $0.6b (3%); and loans and placements, $0.6b (2%). Bonds, etc. were flat. The following chart shows the levels of the asset types of managed funds institutions at 30 June 2013. UNCONSOLIDATED ASSETS Life insurance corporations At 30 June 2013, total unconsolidated assets of life insurance corporations were $255.1b, an increase of $3.1b (1%) on the March quarter 2013 figure of $252.0b. Increases were recorded in units in trusts, $4.6b (3%); deposits, $0.7b (6%); bonds, etc., $0.3b (1%); short term securities, $0.1b (3%); and derivatives, $0.1b (31%). These were partially offset by decreases in assets overseas, $1.6b (9%); shares, $0.8b (4%); loans and placements, $0.2b (10%); other financial assets, $0.1b (3%); and other non-financial assets, $0.1b (2%). Land, buildings and equipment were flat. Cross investment within life insurance corporations was $1.9b which was flat compared to the March quarter 2013. Net policy liabilities was $218.3b, an increase of $2.9b (1%) on the previous quarter. Superannuation (pension) funds At 30 June 2013, total unconsolidated assets of superannuation (pension) funds were $1,562.3b, an increase of $31.5b (2%) on the March quarter 2013 figure of $1,530.8b. Increases were recorded in assets overseas, $19.6b (8%); deposits, $7.2b (3%); short term securities, $3.1b (4%); other financial assets, $2.7b (15%); units in trusts, $2.2b (1%); net equity of pension funds in life office reserves, $2.1b (1%); land, buildings and equipment, $1.7b (2%); and loans and placements, $0.1b (1%). These were partially offset by decreases in shares, $7.2b (2%); and bonds, etc., $0.1b (0%). Other non-financial assets and derivatives were flat. Public offer (retail) unit trusts At 30 June 2013, total unconsolidated assets of public offer (retail) unit trusts were $271.4b, an increase of $2.8b (1%) on the March quarter 2013 figure of $268.6b. Increases were recorded in assets overseas, $2.8b (10%); land, buildings and equipment, $1.6b (2%); other financial assets, $1.0b (14%); short term securities, $0.2b (9%); derivatives, $0.2b (15%); other non-financial assets, $0.1b (1%); and bonds, etc., $0.1b (2%). These were partially offset by decreases in units in trusts, $1.1b (2%); shares, $0.9b (3%); loans and placements, $0.8b (4%); and deposits, $0.4b (10%). Cross investment within public offer (retail) unit trusts was $28.5b, a decrease of $0.7b (2%) compared to the March quarter 2013. Friendly societies At 30 June 2013, total unconsolidated assets of friendly societies were $6.0b which was flat compared to the March quarter 2013 figure. Common funds At 30 June 2013, total unconsolidated assets of common funds were $7.7b, an increase of $0.1b (2%) on the March quarter 2013 figure of $7.6b. Cash management trusts At 30 June 2013, total unconsolidated assets of cash management trusts were $25.8b, a decrease of $2.2b (8%) on the March quarter 2013 figure of $28.0b. Decreases were recorded in short term securities, $1.3b (8%); equities, $0.5b (35%); deposits, $0.2b (2%); bonds, etc., $0.2b (15%). Derivatives, loans and placements, non-financial assets, and other financial assets were flat. Cross investment within cash management trusts was $0.9b, a decrease of $0.5b (35%) compared to the March quarter 2013. RESIDENT INVESTMENT MANAGERS Source of funds under management At 30 June 2013, total funds under management were $1,366.2b, an increase of $7.0b (1%) on the March quarter 2013 figure of $1,359.2b. Funds under management on behalf of superannuation funds increased $8.1b (1%). Public offer (retail) unit trusts decreased $2.0b (2%); cash management trusts decreased $0.8b (5%); and life insurance corporations decreased $0.2b (0%). Common funds and friendly societies were flat. At 30 June 2013, the value of funds under management on behalf of sources other than managed funds institutions was $366.6b, an increase of $1.2b (0%) on the March quarter 2013 figure of $365.4b. Increases were recorded in funds under management on behalf of national government, $2.1b (4%); wholesale financial trusts, $0.4b (0%); and government compensation schemes, $0.1b (1%). These were partially offset by decreases in state and local government, $0.6b (1%); general insurance corporations, $0.6b (1%); other sources, $0.2b (1%); non-government trading corporations, $0.1b (0%); and other investment managers, $0.1b (1%). Charities were flat. The value of funds under management on behalf of overseas sources at 30 June 2013 was $74.1b, an increase of $0.8b (1%) on the March quarter 2013 figure of $73.3b.
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