5655.0 - Managed Funds, Australia, Dec 2012
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 28/02/2013
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 31 December 2012, the consolidated assets of managed funds institutions were $1,603.9b, an increase of $49.3b (3%) on the September quarter 2012 figure of $1,554.7b Consolidated assets by types of asset The asset types to increase during the December quarter 2012 were shares, $25.6b (6%); overseas assets, $10.3b (4%); short term securities, $4.2b (4%); units in trusts, $3.4b (2%); land, buildings and equipment, $2.5b (1%); bonds, etc., $2.5b (3%); loans and placements, $1.5b (4%); and other financial assets, $0.7b (2%). These were partially offset by decreases in deposits, $1.1b (0%); derivatives, $0.2b (14%); and other non-financial assets, $0.1b (0%). The following chart shows the levels of the asset types of managed funds institutions at 31 December 2012. UNCONSOLIDATED ASSETS Life insurance corporations At 31 December 2012, total unconsolidated assets of life insurance corporations were $246.0b, an increase of $2.3b (1%) on the September quarter 2012 figure of $243.7b. Increases were recorded in units in trusts, $3.1b (2%); assets overseas, $0.6b (3%); deposits, $0.3b (2%); shares, $0.2b (1%); and bonds, etc., $0.1b (1%). These were partially offset by decreases in short term securities, $0.7b (9%); land, buildings and equipment, $0.4b (22%); loans and placements, $0.3b (13%); other financial assets, $0.3b (8%); derivatives, $0.1b (25%); and other non-financial assets, $0.1b (3%). Cross investment within life insurance corporations was $1.9b, which was flat compared to the previous quarter. Net policy liabilities was $209.7b, an increase of $2.5b (1%) on the previous quarter. Superannuation (pension) funds At 31 December 2012, total unconsolidated assets of superannuation funds were $1,457.2b, an increase of $50.7b (4%) on the September quarter 2012 figure of $1,406.5b. Increases were recorded in shares, $24.5b (6%); assets overseas, $11.1b (5%); units in trusts, $5.9b (4%); short-term securities, $5.3b (8%); net equity of pension funds in life office reserves, $2.4b (1%); bonds, etc., $2.2b (4%); land, buildings and equipment, $1.3b (1%); loans and placements, $0.6b (5%); and derivatives, $0.1b (1%). These were partially offset by decreases in deposits, $1.7b (1%); and other financial assets, $0.8b (4%). Other non-financial assets were flat. Public offer (retail) unit trusts At 31 December 2012, total unconsolidated assets of public offer (retail) unit trusts were $264.5b, an increase of $5.7b (2%) on the September quarter 2012 figure of $258.8b. Increases were recorded in land, buildings and equipment, $1.7b (2%); units in trusts, $1.4b (2%); loans and placements, $1.3b (8%); other financial assets, $1.3b (19%); shares, $0.8b (3%); other non-financial assets, $0.6b (6%); and bonds, etc., $0.3b (6%). These were partially offset by decreases in assets overseas, $1.3b (5%); short-term securities, $0.2b (5%); deposits, $0.1b (2%); and derivatives, $0.1b (9%). Cross investment within public offer (retail) unit trusts was $28.3b, an increase of $0.6b (2%) compared to the previous quarter. Friendly societies At 31 December 2012, total unconsolidated assets of friendly societies were $5.9b. This was flat compared with September quarter 2012. Common funds At 31 December 2012, total unconsolidated assets of common funds were $7.8b, an increase of $0.1b (2%) on the September quarter 2012 figure of $7.7b. Cash management trusts At 31 December 2012, total unconsolidated assets of cash management trusts were $28.4b, a decrease of $0.2b (1%) on the September quarter 2012 figure of $28.6b. Decreases were recorded in bonds, etc., $0.3b (17%); short term securities, $0.1b (1%); and units in trusts, $0.1b (5%). This was partially offset by an increase in deposits, $0.3b (3%). Other financial assets were flat compared to the previous quarter. Cross investment within cash management trusts was $1.6b, a decrease of $0.1b (5%) on the previous quarter. RESIDENT INVESTMENT MANAGERS Source of funds under management At 31 December 2012, total funds under management were $1,313.2b, an increase of $40.0b (3%) on the September quarter 2012 figure of $1,273.2b. At 31 December 2012, the value of funds under management on behalf of managed funds institutions was $882.0b, an increase of $23.5b (3%) on the September quarter 2012 figure of $858.5b. An increase was recorded in superannuation funds, $24.5b (4%). Decreases were recorded in life insurance corporations, $0.6b (0%); cash management trusts, $0.4b (2%); and public offer (retail) unit trusts, $0.1b (0%). Friendly societies and common funds were flat. At 31 December 2012, the value of funds under management on behalf of sources other than managed funds was $353.9b, an increase of $14.2b (4%) on the September quarter 2012 figure of $339.8b. Increases were recorded in funds under management on behalf of wholesale financial trusts, $7.7b (6%); national government, $4.6b (9%); non-government trading corporations, $1.0b (5%); general insurance, $1.0b (3%); other sources, $0.5b (2%); and other investment managers, $0.3b (4%). Decreases were recorded in state and local government, $0.8b (2%); and charities, $0.1b (6%). Government compensation schemes were flat. The value of funds under management on behalf of overseas sources at 31 December 2012 was $77.3b, an increase of $2.3b (3%) on the September quarter 2012 figure of $75.0b.
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