5655.0 - Managed Funds, Australia, Dec 2016
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 09/03/2017
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 31 December 2016, the consolidated assets of managed funds institutions were $2,237.9b, an increase of $49.2b (2%) on the September quarter 2016 figure of $2,188.7b. Consolidated assets by types of asset The asset types that increased were shares, $22.9b (3%); overseas assets, $19.4b (4%); land, buildings and equipment, $1.9b (1%); units in trusts, $1.9b (1%); short term securities, $1.8b (1%); deposits, $1.6b (1%); bonds, etc., $1.3b (1%) and other non-financial assets, $0.7b (6%). These were partially offset by decreases in other financial assets, $2.0b (6%) and loans and placements, $0.4b (1%). Derivatives were flat. UNCONSOLIDATED ASSETS Life insurance corporations At 31 December 2016, total unconsolidated assets of life insurance corporations were $227.7b, an increase of $2.4b (1%) on the September quarter 2016 figure of $225.3b. Increases were recorded in units in trusts, $4.5b (3%); other non-financial assets, $0.5b (27%); assets overseas, $0.3b (3%) and derivatives, $0.1b (12%). These were partially offset by decreases in deposits, $1.5b (16%); other financial assets, $0.7b (11%); shares, $0.4b (2%); loans and placements, $0.3b (9%) and short term securities, $0.1b (2%). Bonds, etc., land, buildings and equipment were flat. Cross investment within life insurance corporations was $0.8b which was flat compared to the September quarter 2016. Net policy liabilities was $182.1b, an increase of $1.9b (1%) compared to the September quarter 2016. Superannuation (pension) funds At 31 December 2016, total unconsolidated assets of superannuation funds were $2,137.6b, an increase of $54.3b (3%) on the September quarter 2016 figure of $2,083.3b. Increases were recorded in shares, $22.4b (4%); assets overseas, $19.5b (4%); units in trusts, $4.5b (2%); deposits, $3.0b (1%); short term securities, $2.0b (2%); land, buildings and equipment, $1.6b (1%); net equity of pension funds in life office reserves, $1.4b (1%); bonds, etc., $1.2b (1%) and derivatives, $0.1b (1%). These were partially offset by decreases in other financial assets, $1.3b (6%). Loans and placements and other non-financial assets were flat. Public offer (retail) unit trusts At 31 December 2016, total unconsolidated assets of public offer (retail) unit trusts were $318.8b, an increase of $0.3b (0%) on the September quarter 2016 figure of $318.6b. Increases were recorded in shares, $0.9b (3%); deposits, $0.6b (7%); land, buildings and equipment, $0.4b (0%) and other non-financial assets, $0.1b (1%). These were partially offset by decreases in units in trusts, $0.9b (1%); assets overseas, $0.4b (1%); loans and placements, $0.3b (1%) and bonds, etc., $0.1b (1%). Other financial assets, short term securities and derivatives were flat. Cross investment within public offer (retail) unit trusts was $32.3b, a decrease of $0.1b (0%) compared to the September quarter 2016. Friendly societies At 31 December 2016, total unconsolidated assets of friendly societies were $7.0b which was flat on the September quarter 2016 figure of $7.0b. Common funds At 31 December 2016, total unconsolidated assets of common funds were $9.9b, an increase of $0.2b (2%) on the September quarter 2016 figure of $9.7b. Cash management trusts At 31 December 2016, total unconsolidated assets of cash management trusts were $35.2b, a decrease of $0.6b (2%) on the September quarter 2016 figure of $35.8b. Decreases were recorded in deposits, $0.4b (5%); equities, $0.3b (35%) and short term securities, $0.1b (0%). These were partially offset by increases in bonds, etc., $0.2b (21%). 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 $0.3b (35%) compared to the September quarter 2016. RESIDENT INVESTMENT MANAGERS Source of funds under management At 31 December 2016, total funds under management were $1,976.3b, an increase of $38.5b (2%) on the September quarter 2016 figure of $1,937.9b. Funds under management on behalf of superannuation funds increased $27.7b (3%) and public offer (retail) unit trusts increased $0.2b (0%). Life insurance corporations decreased $1.7b (1%) and cash management trusts decreased $0.1b (1%). At 31 December 2016, the value of funds under management on behalf of sources other than managed funds was $512.4b, an increase of $10.5b (2%) on the September quarter 2016 figure of $501.9b. Increases were recorded in funds under management of behalf of wholesale financial trusts, $4.6b (2%); national government, $4.0b (5%); other sources, $1.4b (3%); state and local government, $1.2b (2%) and government compensation schemes, $0.4b (2%). These were partially offset by decreases in general insurance, $0.7b (1%) and non-government trading corporations, $0.4b (1%). Funds under management from other investment managers and charities were flat. The value of funds under management on behalf of overseas sources at 31 December 2016 was $102.3b, an increase of $1.8b (2%) on the September quarter 2016 figure of $100.5b.
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