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ANALYSIS MANAGED FUNDS INSTITUTIONS 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. Consolidated assets by types of asset 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%). The following chart shows the levels of the asset types of managed funds institutions at 30 September 2013. UNCONSOLIDATED ASSETS Life insurance corporations At 30 September 2013, total unconsolidated assets of life insurance corporations were $265.4b, an increase of $10.2b (4%) on the June quarter 2013 figure of $255.2b. Increases were recorded in units in trusts, $8.3b (5%); shares, $1.3b (6%); other financial assets, $0.7b (15%); bonds, etc., $0.5b (2%); other non-financial assets, $0.5b (18%); loans and placements, $0.1b (6%); and derivatives, $0.1b (12%). These were partially offset by decreases in short term securities, $0.6b (10%); assets overseas, $0.5b (3%); and deposits, $0.1b (1%). Land, buildings and equipment were flat. Cross investment within life insurance corporations was $1.9b which was flat compared to the June quarter 2013. Net policy liabilities was $227.1b, an increase of $8.6b (4%) compared to the June quarter 2013. Superannuation (pension) funds At 30 September 2013, total unconsolidated assets of superannuation funds were $1,642.5b, an increase of $79.6b (5%) on the June quarter 2013 figure of $1,562.9b. Increases were recorded in shares, $37.5b (9%); units in trusts, $17.0b (9%); short term securities, $6.7b (8%); deposits, $6.2b (3%); assets overseas, $5.7b (2%); net equity of pension funds in life office reserves, $4.9b (3%); bonds, etc., $3.5b (6%); land, buildings and equipment, $1.7b (2%); and loans and placements, $0.1b (1%). These were partially offset by decreases in other financial assets, $2.9b (14%) and derivatives, $0.8b (14%). Other non-financial assets were flat. Public offer (retail) unit trusts At 30 September 2013, total unconsolidated assets of public offer (retail) unit trusts were $279.6b, an increase of $4.9b (2%) on the June quarter 2013 figure of $274.8b. Increases were recorded in units in trusts, $4.2b (7%); shares, $1.4b (5%); assets overseas, $0.7b (2%); loans and placements, $0.6b (3%); and bonds, etc., $0.2b (3%). These were partially offset by decreases in other financial assets, $0.8b (10%); derivatives, $0.5b (37%); land, buildings and equipment, $0.4b (0%); other non-financial assets, $0.4b (3%); and short term securities, $0.1b (3%). Deposits were flat. Cross investment within public offer (retail) unit trusts was $31.2b, an increase of $2.8b (10%) compared to the June quarter 2013. Friendly societies At 30 September 2013, total unconsolidated assets of friendly societies were $6.1b, an increase of $0.2b (3%) on the June quarter 2013 figure of $6.0b. Common funds At 30 September 2013, total unconsolidated assets of common funds were $7.5b, a decrease of $0.2b (2%) on the June quarter 2013 figure of $7.7b. Cash management trusts At 30 September 2013, total unconsolidated assets of cash management trusts were $24.5b, a decrease of $1.2b (5%) on the June quarter 2013 figure of $25.8b. Decreases were recorded in short term securities, $0.5b (4%); equities, $0.4b (49%); and deposits, $0.2b (3%). Bonds, etc., loans and placements, derivatives, non-financial assets, and other financial assets were flat. Cross investment within cash management trusts was $0.5b, a decrease of $0.4b (49%) compared to the June quarter 2013. RESIDENT INVESTMENT MANAGERS Source of funds under management At 30 September 2013, total funds under management were $1,436.9b, an increase of $69.8b (5%) on the June quarter 2013 figure of $1,367.0b. Funds under management on behalf of superannuation funds increased $49.6b (8%); public offer (retail) unit trusts increased $1.3b (1%); life insurance corporations increased $0.7b (0%); cash management trusts increased $0.5b (3%). At 30 September 2013, the value of funds under management on behalf of sources other than managed funds was $383.2b, an increase of $14.6b (4%) on the June quarter 2013 figure of $368.6b. Increases were recorded in funds under management of behalf of wholesale financial trusts, $4.8b (3%); other sources, $3.8b (15%); national government, $3.7b (7%); state and local government, $0.5b (1%); non-government trading corporations, $0.5b (2%); general insurance, $0.4b (1%); charities, $0.3b (16%); other investment managers, $0.3b (3%); and government compensation schemes, $0.1b (1%). The value of funds under management on behalf of overseas sources at 30 September 2013 was $74.7b, an increase of $2.9b (4%) on the June quarter 2013 figure of $71.9b.
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