5655.0 - Managed Funds, Australia, Mar 2014
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/05/2014
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 31 March 2014, the consolidated assets of managed funds institutions were $1,857.5b, an increase of $24.4b (1%) on the December quarter 2013 figure of $1,833.1b. Consolidated assets by types of asset The asset types that increased were shares, $8.7b (2%); deposits, $7.3b (3%); other financial assets, $3.2b (11%); short term securities, $1.6b (2%); loans and placements, $1.5b (3%); bonds, etc., $1.4b (2%); overseas assets, $0.8b (0%) and land, buildings and equipment, $0.5b (0%). These were partially offset by decreases in units in trusts, $0.3b (0%); other non-financial assets, $0.2b (2%). Derivatives were flat. UNCONSOLIDATED ASSETS Life insurance corporations At 31 March 2014, total unconsolidated assets of life insurance corporations were $275.6b, an increase of $1.8b (1%) on the December quarter 2013 figure of $273.8b. Increases were recorded in other financial assets, $1.5b (31%); shares, $0.4b (2%); bonds, etc., $0.3b (1%) and deposits, $0.1b (1%). These were partially offset by decreases in short term securities, $0.4b (8%); other non-financial assets, $0.1b (4%) and assets overseas, $0.1b (0%). Units in trusts, derivatives, land, buildings and equipment, loans and placements were flat Cross investment within life insurance corporations was $0.8b which was flat compared to the December quarter 2013. Net policy liabilities was $235.8b, an increase of $1.0b (0%) compared to the December quarter 2013. Superannuation (pension) funds At 31 March 2014, total unconsolidated assets of superannuation funds were $1,731.0b, an increase of $24.9b (1%) on the December quarter 2013 figure of $1,706.1b. Increases were recorded in shares, $8.7b (2%); deposits, $7.9b (3%); short term securities, $2.0b (4%); derivatives, $1.5b (32%); assets overseas, $1.4b (0%); net equity of pension funds in life office reserves, $1.2b (1%); bonds, etc., $1.2b (2%); units in trusts, $0.7b (0%) and other financial assets, $0.6b (3%). These were partially offset by decreases in land, buildings and equipment, $0.2b (0%). Other non-financial assets and loans and placements were flat. Public offer (retail) unit trusts At 31 March 2014, total unconsolidated assets of public offer (retail) unit trusts were $295.0b, an increase of $3.3b (1%) on the December quarter 2013 figure of $291.7b. Increases were recorded in units in trusts, $2.5b (4%); loans and placements, $1.6b (5%); land, buildings and equipment, $0.7b (1%) and other non-financial assets, $0.2b (5%). These were partially offset by decreases in other financial assets, $0.7b (9%); assets overseas, $0.5b (1%); deposits, $0.3b (6%) and shares, $0.2b (1%). Bonds, etc., short term securities and derivatives were flat. Cross investment within public offer (retail) unit trusts was $33.7b, an increase of $2.1b (7%) compared to the December quarter 2013. Friendly societies At 31 March 2014, total unconsolidated assets of friendly societies were $6.2b which was flat on the December quarter 2013 figure of $6.2b. Common funds At 31 March 2014, total unconsolidated assets of common funds were $7.5b which was flat on the December quarter 2013 figure of $7.5b. Cash management trusts At 31 March 2014, total unconsolidated assets of cash management trusts were $22.4b, a decrease of $0.7b (3%) on the December quarter 2013 figure of $23.0b. Increases were recorded in other financial assets, $0.1b (169%). These were partially offset by decreases in deposits, $0.6b (6%) and equities, $0.1b (14%). Derivatives, non-financial assets, loans and placements, short term securities and bonds, etc. were flat. Cross investment within cash management trusts was $0.4b, a decrease of $0.1b (14%) compared to the December quarter 2013. RESIDENT INVESTMENT MANAGERS Source of funds under management At 31 March 2014, total funds under management were $1,520.0b, an increase of $19.4b (1%) on the December quarter 2013 figure of $1,500.6b. Funds under management on behalf of superannuation funds increased $12.1b (2%), life insurance corporations increased $0.6b (0%) and cash management trusts increased $0.1b (1%). Public offer (retail) unit trusts decreased $0.4b (0%). At 31 March 2014, the value of funds under management on behalf of sources other than managed funds was $412.1b, an increase of $7.2b (2%) on the December quarter 2013 figure of $404.9b. Increases were recorded in funds under management on behalf of wholesale financial trusts, $3.0b (2%); state and local government, $2.4b (5%); national government, $1.0b (1%); general insurance, $0.4b (1%); other sources, $0.3b (1%) and other investment managers, $0.1b (1%). Charities, government compensation schemes and non-government trading corporations were flat. The value of funds under management on behalf of overseas sources at 31 March 2014 was $78.9b, a decrease of $0.2b (0%) on the December quarter 2013 figure of $79.1b.
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