5655.0 - Managed Funds, Australia, Mar 2017
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 08/06/2017
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 31 March 2017, the consolidated assets of managed funds institutions were $2,276.2b, an increase of $36.3b (2%) on the December quarter 2016 figure of $2,239.9b. Consolidated assets by types of asset The asset types that increased were shares, $19.7b (3%); overseas assets, $9.6b (2%); deposits, $3.8b (1%); short term securities, $2.9b (2%); other financial assets, $2.6b (8%); units in trusts, $2.5b (2%); and land, buildings and equipment, $1.1b (0%). These were partially offset by decreases in bonds, etc., $5.5b (4%); other non-financial assets, $0.2b (2%); and derivatives, $0.2b (5%). Loans and placements were flat. UNCONSOLIDATED ASSETS Life insurance corporations At 31 March 2017, total unconsolidated assets of life insurance corporations were $225.1b, a decrease of $2.0b (1%) on the December quarter 2016 figure of $227.1b. Decreases were recorded in bonds, etc., $6.9b (23%); assets overseas, $2.2b (25%); short term securities, $1.6b (39%); and shares, $0.4b (2%). These were partially offset by increases in units in trusts, $6.7b (5%); other financial assets, $1.8b (32%); deposits, $0.4b (5%); loans and placements, $0.1b (4%); and other non-financial assets, $0.1b (4%). Land, buildings and equipment, and derivatives were flat. Cross investment within life insurance corporations was $0.8b, which was flat compared to the December quarter 2016. Net policy liabilities was $181.4b, a decrease of $0.1b (0%) compared to the December quarter 2016. Superannuation (pension) funds At 31 March 2017, total unconsolidated assets of superannuation funds were $2,195.6b, an increase of $52.5b (2%) on the December quarter 2016 figure of $2,143.1b. Increases were recorded in shares, $19.7b (3%); assets overseas, $11.9b (3%); units in trusts, $6.7b (2%); short term securities, $5.1b (5%); deposits, $3.8b (1%); other financial assets, $2.5b (11%); land, buildings and equipment, $1.3b (1%); net equity of pension funds in life office reserves, $0.9b (1%); and bonds, etc., $0.8b (1%). Loans and placements, other non-financial assets and derivatives were flat. Public offer (retail) unit trusts At 31 March 2017, total unconsolidated assets of public offer (retail) unit trusts were $318.6b, an increase of $0.2b (0%) on the December quarter 2016 figure of $318.4b. Increases were recorded in units in trusts, $0.6b (1%); shares, $0.3b (1%); short term securities, $0.2b (8%); and deposits, $0.1b (1%). These were partially offset by decreases in other financial assets, $0.5b (13%); loans and placements, $0.1b (0%); derivatives, $0.1b (6%); and land, buildings and equipment, $0.1b (0%). Bonds, etc., other non-financial assets and assets overseas were flat. Cross investment within public offer (retail) unit trusts was $32.1b, an increase of $0.2b (1%) compared to the December quarter 2016. Friendly societies At 31 March 2017, total unconsolidated assets of friendly societies were $7.0b which was flat on the December quarter 2016 figure of $7.0b. Common funds At 31 March 2017, total unconsolidated assets of common funds were $10.2b, an increase of $0.3b (3%) on the December quarter 2016 figure of $9.9b. Cash management trusts At 31 March 2017, total unconsolidated assets of cash management trusts were $34.1b, a decrease of $1.1b (3%) on the December quarter 2016 figure of $35.2b. Decreases were recorded in short term securities, $0.8b (3%); and deposits, $0.5b (6%). These were partially offset by increases in bonds, etc., $0.1b (8%); equities, $0.1b (16%); and other financial assets, $0.1b (135%). Derivatives, loans and placements and non-financial assets were flat. Cross investment within cash management trusts was $0.6b, an increase of $0.1b (16%) compared to the December quarter 2016. RESIDENT INVESTMENT MANAGERS Source of funds under management At 31 March 2017, total funds under management were $2,004.0b, an increase of $25.9b (1%) on the December quarter 2016 figure of $1,978.1b. Funds under management on behalf of superannuation funds increased $32.1b (3%), public offer (retail) unit trusts increased $1.0b (1%) and cash management trusts increased $0.2b (1%). Life insurance corporations decreased $0.1b (0%). At 31 March 2017, the value of funds under management on behalf of sources other than managed funds was $502.5b, a decrease of $9.3b (2%) on the December quarter 2016 figure of $511.9b. Decreases were recorded in other sources, $14.3b (26%); state and local government, $0.7b (1%); general insurance, $0.2b (0%); and other investment managers, $0.1b (1%). These were partially offset by increases in funds under management on behalf of national government, $2.5b (3%); wholesale financial trusts, $2.3b (1%); government compensation schemes, $0.6b (3%); and non-government trading corporations, $0.6b (2%). Charities were flat. The value of funds under management on behalf of overseas sources at 31 March 2017 was $104.3b, an increase of $2.0b (2%) on the December quarter 2016 figure of $102.3b.
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