5655.0 - Managed Funds, Australia, Dec 2014
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 26/02/2015
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 31 December 2014, the consolidated assets of managed funds institutions were $1,958.5b, an increase of $48.8b (3%) on the September quarter 2014 figure of $1,909.7b. Consolidated assets by types of asset The asset types that increased were overseas assets, $29.6b (8%); shares, $14.6b (3%); short term securities, $8.6b (10%); bonds, etc., $4.3b (4%); derivatives, $0.8b (65%); and other non-financial assets, $0.2b (2%). These were partially offset by decreases in other financial assets, $3.4b (11%); deposits, $3.2b (1%); land, buildings and equipment, $1.5b (1%); loans and placements, $1.0b (2%); and units in trusts, $0.2b (0%). UNCONSOLIDATED ASSETS Life insurance corporations At 31 December 2014, total unconsolidated assets of life insurance corporations were $288.8b, an increase of $4.3b (2%) on the September quarter 2014 figure of $284.5b. Increases were recorded in units in trusts, $4.8b (2%); bonds, etc., $1.4b (6%); assets overseas, $0.6b (6%); deposits, $0.4b (4%); short term securities, $0.2b (5%); loans and placements, $0.2b (8%); and derivatives, $0.1b (18%). These were partially offset by decreases in other financial assets, $1.5b (23%); land, buildings and equipment, $1.4b (92%); shares, $0.2b (1%); and other non-financial assets, $0.1b (5%). Cross investment within life insurance corporations was $0.8b which was flat compared to the September quarter 2014. Net policy liabilities was $247.5b, an increase of $3.6b (1%) compared to the September quarter 2014. Superannuation (pension) funds At 31 December 2014, total unconsolidated assets of superannuation funds were $1,832.0b, an increase of $54.4b (3%) on the September quarter 2014 figure of $1,777.6b. Increases were recorded in assets overseas, $28.0b (9%); shares, $13.8b (3%); short term securities, $7.1b (12%); units in trusts, $6.6b (3%); bonds, etc., $2.6b (4%); net equity of pension funds in life office reserves, $2.0b (1%); land, buildings and equipment, $1.6b (2%); derivatives, $0.1b (4%); and loans and placements, $0.1b (1%). These were partially offset by decreases in deposits, $5.4b (2%); and other financial assets, $2.1b (11%). Other non-financial assets were flat. Public offer (retail) unit trusts At 31 December 2014, total unconsolidated assets of public offer (retail) unit trusts were $302.7b, an increase of $4.5b (2%) on the September quarter 2014 figure of $298.3b. Increases were recorded in deposits, $2.1b (51%); units in trusts, $2.1b (3%); assets overseas, $1.1b (3%); shares, $0.9b (3%); derivatives, $0.7b (109%); other non-financial assets, $0.5b (15%); and bonds, etc., $0.3b (5%). These were partially offset by decreases in land, buildings and equipment, $1.6b (2%); loans and placements, $1.3b (4%); and other financial assets, $0.3b (7%). Short term securities were flat. Cross investment within public offer (retail) unit trusts was $32.2b, an increase of $0.5b (2%) compared to the September quarter 2014. Friendly societies At 31 December 2014, total unconsolidated assets of friendly societies were $6.7b which was flat on the September quarter 2014 figure of $6.7b. Common funds At 31 December 2014, total unconsolidated assets of common funds were $7.9b, an increase of $0.2b (2%) on the September quarter 2014 figure of $7.7b. Cash management trusts At 31 December 2014, total unconsolidated assets of cash management trusts were $24.3b, an increase of $0.8b (3%) on the September quarter 2014 figure of $23.5b. Increases were recorded in short term securities, $1.3b (10%). These were partially offset by decreases in deposits, $0.5b (6%) and equities, $0.1b (13%). Other financial assets, derivatives, non-financial assets, loans and placements, and bonds, etc. were flat. Cross investment within cash management trusts was $0.5b, a decrease of $0.1b (13%) compared to the September quarter 2014. RESIDENT INVESTMENT MANAGERS Source of funds under management At 31 December 2014, total funds under management were $1,658.6b, an increase of $46.7b (3%) on the September quarter 2014 figure of $1,611.9b. Funds under management on behalf of superannuation funds increased $34.9b (5%), public offer (retail) unit trusts increased $2.9b (2%), and cash management trusts increased $0.8b (4%). Life insurance corporations decreased $1.0b (1%). At 31 December 2014, the value of funds under management on behalf of sources other than managed funds was $452.0b, an increase of $6.4b (1%) on the September quarter 2014 figure of $445.6b. Increases were recorded in funds under management of behalf of wholesale financial trusts, $5.5b (3%); other sources, $1.1b (3%); state and local government, $0.9b (2%); other investment managers, $0.3b (3%); and non-government trading corporations, $0.2b (1%). These were partially offset by decreases in national government, $1.1b (1%); government compensation schemes, $0.4b (4%); and charities, $0.1b (8%). General insurance were flat. The value of funds under management on behalf of overseas sources at 31 December 2014 was $90.1b, an increase of $2.7b (3%) on the September quarter 2014 figure of $87.4b.
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