5655.0 - Managed Funds, Australia, Sep 2017
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 08/12/2017
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 30 September 2017, the consolidated assets of managed funds institutions were $2,663.6b, an increase of $26.8b (1%) on the June quarter 2017 figure of $2,636.8b. Consolidated assets by types of asset The asset types that increased were overseas assets, $23.0b (6%); units in trusts, $9.4b (1%); shares, $9.3b (2%); land, buildings and equipment, $6.6b (2%); bonds, etc., $1.8b (2%); short term securities, $1.0b (1%); and other non-financial assets, $0.5b (5%). These were partially offset by decreases in deposits, $13.6b (5%); derivatives, $8.9b (21%); other financial assets, $2.4b (1%); and loans and placements, $0.1b (0%). UNCONSOLIDATED ASSETS Life insurance corporations At 30 September 2017, total unconsolidated assets of life insurance corporations were $237.7b, a decrease of $0.7b (0%) on the June quarter 2017 figure of $238.4b. Decreases were recorded in units in trusts, $1.9b (1%); other non-financial assets, $0.3b (7%); derivatives, $0.2b (27%); and short term securities, $0.1b (5%). These were partially offset by increases in other financial assets, $0.7b (9%); assets overseas, $0.4b (3%); bonds, etc., $0.3b (2%); deposits, $0.3b (4%); loans and placements, $0.1b (3%); and shares, $0.1b (0%). Land, buildings and equipment were flat. Net policy liabilities were $183.6b, a $0.1b (0%) decrease on June quarter 2017. Superannuation (pension) funds At 30 September 2017, total unconsolidated assets of superannuation funds were $2,577.9b, an increase of $30.8b (1%) on the June quarter 2017 figure of $2,547.1b. Increases were recorded in assets overseas, $22.0b (6%); units in trusts, $14.7b (2%); shares, $8.9b (2%); land, buildings and equipment, $4.1b (3%); short term securities, $2.9b (5%); bonds, etc., $0.8b (2%); net equity of pension funds in life office reserves, $0.1b (0%); and other non-financial assets, $0.1b (6%). These were partially offset by decreases in deposits, $12.6b (5%); derivatives, $8.6b (22%); and other financial assets, $1.7b (1%). Loans and placements were flat. Public offer (retail) unit trusts At 30 September 2017, total unconsolidated assets of public offer (retail) unit trusts were $342.7b, an increase of $4.8b (1%) on the June quarter 2017 figure of $337.9b. Increases were recorded in land, buildings and equipment, $2.5b (2%); units in trusts, $1.9b (2%); other non-financial assets, $0.7b (16%); assets overseas, $0.5b (1%); shares, $0.3b (1%); bonds, etc., $0.2b (2%); and short term securities, $0.1b (5%). These were partially offset by decreases in other financial assets, $0.8b (16%); loans and placements, $0.3b (1%); deposits, $0.3b (3%); and derivatives, $0.1b (4%). Cross investment within public offer (retail) unit trusts was $33.0b, an increase of $0.3b (1%) compared to the June quarter 2017. Friendly societies At 30 September 2017, total unconsolidated assets of friendly societies were $7.1b which was flat on the June quarter 2017 figure of $7.1b. Common funds At 30 September 2017, total unconsolidated assets of common funds were $10.5b, an increase of $0.3b (3%) on the June quarter 2017 figure of $10.2b. Cash management trusts At 30 September 2017, total unconsolidated assets of cash management trusts were $37.0b, a decrease of $2.3b (6%) on the June quarter 2017 figure of $39.3b. Decreases were recorded in short term securities, $2.0b (8%); deposits, $1.1b (11%); and other financial assets, $0.1b (86%). These were partially offset by increases in bonds, etc., $0.7b (25%) and equities, $0.2b (35%). Loans and placements, non-financial assets, derivatives and assets overseas were flat. Cross investment within cash management trusts was $0.9b, an increase of $0.2b (38%) compared to the June quarter 2017. RESIDENT INVESTMENT MANAGERS Source of funds under management At 30 September 2017, total funds under management were $1,991.7b, an increase of $35.1b (2%) on the June quarter 2017 figure of $1,956.6b. Funds under management on behalf of superannuation funds increased $22.4b (2%) and cash management trusts increased $0.1b (0%). Life insurance corporations decreased $0.7b (0%) and public offer (retail) unit trusts decreased $0.2b (0%). At 30 September 2017, the value of funds under management on behalf of sources other than managed funds was $509.8b, an increase of $9.2b (2%) on the June quarter 2017 figure of $500.6b. Increases were recorded in funds under management of behalf of wholesale financial trusts, $5.4b (3%); other sources, $1.9b (5%); government compensation schemes, $1.6b (7%); other investment managers, $1.1b (11%); and national government, $0.4b (0%). These were partially offset by decreases in non-government trading corporations, $0.7b (2%); state and local government, $0.4b (1%); and general insurance, $0.2b (0%). Charities were flat. The value of funds under management on behalf of overseas sources at 30 September 2017 was $108.5b, an increase of $4.2b (4%) on the June quarter 2017 figure of $104.3b.
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