5655.0 - Managed Funds, Australia, Dec 2013
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2014
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 31 December 2013, the consolidated assets of managed funds institutions were $1,821.4b, an increase of $56.5b (3%) on the September quarter 2013 figure of $1,764.9b. Consolidated assets by types of asset The asset types that increased were overseas assets, $26.8b (8%); shares, $14.8b (3%); short term securities, $8.9b (8%); units in trusts, $6.3b (3%); land, buildings and equipment, $2.6b (1%); deposits, $2.2b (1%); bonds, etc., $2.1b (2%); loans and placements, $0.4b (1%); and other financial assets, $0.1b (0%). These were partially offset by decreases in other non-financial assets, $7.3b (39%); and derivatives, $0.3b (25%). The following chart shows the levels of the asset types of managed funds institutions at 31 December 2013. UNCONSOLIDATED ASSETS Life insurance corporations At 31 December 2013, total unconsolidated assets of life insurance corporations were $273.7b, an increase of $7.8b (3%) on the September quarter 2013 figure of $265.8b. Increases were recorded in units in trusts, $5.6b (3%); assets overseas, $1.1b (8%); loans and placements, $1.0b (50%); bonds, etc., $0.7b (3%); and deposits, $0.3b (3%). These were partially offset by decreases in shares, $0.5b (2%); other financial assets, $0.3b (6%); derivatives, $0.1b (20%); and other non-financial assets, $0.1b (4%). Land, buildings and equipment and short term securities were flat. Cross investment within life insurance corporations was $0.8b, a decrease of $1.1b (60%) compared to the September quarter 2013. Net policy liabilities was $234.7b, an increase of $6.1b (3%) compared to the September quarter 2013. Superannuation (pension) funds At 31 December 2013, total unconsolidated assets of superannuation funds were $1,702.0b, an increase of $60.2b (4%) on the September quarter 2013 figure of $1,641.9b. Increases were recorded in assets overseas, $23.1b (9%); shares, $13.4b (3%); short term securities, $10.0b (12%); units in trusts, $4.8b (2%); net equity of pension funds in life office reserves, $3.5b (2%); land, buildings and equipment, $3.2b (3%); deposits, $1.9b (1%); bonds, etc., $1.4b (2%); and loans and placements, $0.2b (2%). These were partially offset by decreases in other financial assets, $0.8b (5%); and derivatives, $0.4b (9%). Other non-financial assets were flat. Public offer (retail) unit trusts At 31 December 2013, total unconsolidated assets of public offer (retail) unit trusts were $277.9b, a decrease of $1.2b (0%) on the September quarter 2013 figure of $279.1b. Decreases were recorded in other non-financial assets, $6.8b (67%); loans and placements, $0.8b (5%); land, buildings and equipment, $0.6b (1%); and derivatives, $0.2b (28%). These were partially offset by increases in assets overseas, $2.6b (8%); units in trusts, $2.1b (3%); other financial assets, $1.3b (17%); shares, $0.8b (3%); deposits, $0.3b (7%); and short term securities, $0.1b (4%). Bonds, etc. were flat. Cross investment within public offer (retail) unit trusts was $31.6b, an increase of $0.9b (3%) compared to the September quarter 2013. Friendly societies At 31 December 2013, total unconsolidated assets of friendly societies were $6.2b which was flat on the September quarter 2013 figure. Common funds At 31 December 2013, total unconsolidated assets of common funds were $7.5b which was flat on the September quarter 2013 figure. Cash management trusts At 31 December 2013, total unconsolidated assets of cash management trusts were $23.0b, a decrease of $1.5b (6%) on the September quarter 2013 figure. Decreases were recorded in short term securities, $1.3b (9%) and deposits, $0.3b (3%). Equities, other financial assets and bonds, etc. were flat. Cross investment within cash management trusts was $0.5b which was flat compared to the September quarter 2013. RESIDENT INVESTMENT MANAGERS Source of funds under management At 31 December 2013, total funds under management were $1,492.2b, an increase of $57.2b (4%) on the September quarter 2013 figure of $1,435.0b. Funds under management on behalf of superannuation funds increased $34.3b (5%), public offer (retail) unit trusts increased $5.5b (5%) and life insurance corporations increased $0.2b (0%). Cash management trusts decreased $0.5b (3%). At 31 December 2013, the value of funds under management on behalf of sources other than managed funds was $396.5b, an increase of $13.3b (3%) on the September quarter 2013 figure of $383.2b. Increases were recorded in funds under management of behalf of national government, $7.1b (12%); other sources, $5.6b (19%); general insurance, $1.1b (3%); government compensation schemes, $0.3b (3%); non-government trading corporations, $0.3b (1%); charities, $0.1b (3%), and other investment managers, $0.1b (1%). These were partially offset by decreases in wholesale financial trusts, $1.2b (1%), and state and local government, $0.1b (0%). The value of funds under management on behalf of overseas sources at 31 December 2013 was $79.1b, an increase of $4.4b (6%) on the September quarter 2013 figure of $74.7b.
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