5655.0 - Managed Funds, Australia, Jun 2014
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 28/08/2014
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 30 June 2014, the consolidated assets of managed funds institutions were $1,895.3b, an increase of $31.3b (2%) on the March quarter 2014 figure of $1,864.0b. Consolidated assets by types of asset The asset types that increased were units in trusts, $12.5b (6%); shares, $9.2b (2%); overseas assets, $9.0b (3%); loans and placements, $4.8b (11%); bonds, etc., $3.3b (3%); short term securities, $2.1b (3%); and derivatives, $0.2b (16%). These were partially offset by decreases in other financial assets, $5.0b (12%); deposits, $4.5b (2%); other non-financial assets, $0.3b (2%); and land, buildings and equipment, $0.1b (0%). UNCONSOLIDATED ASSETS Life insurance corporations At 30 June 2014, total unconsolidated assets of life insurance corporations were $281.0b, an increase of $5.4b (2%) on the March quarter 2014 figure of $275.6b. Increases were recorded in units in trusts, $6.7b (4%); bonds, etc., $1.5b (7%); short term securities, $0.7b (14%); and derivatives, $0.1b (13%). These were partially offset by decreases in other financial assets, $1.2b (18%); shares, $1.0b (5%); loans and placements, $0.6b (22%); assets overseas, $0.4b (5%); deposits, $0.3b (2%); and other non-financial assets, $0.1b (4%). Land, buildings and equipment were flat. Cross investment within life insurance corporations was $0.8b which was flat compared to the March quarter 2014. Net policy liabilities was $241.7b, an increase of $5.9b (2%) compared to the March quarter 2014. Superannuation (pension) funds At 30 June 2014, total unconsolidated assets of superannuation funds were $1,744.7b, an increase of $16.8b (1%) on the March quarter 2014 figure of $1,727.9b. Increases were recorded in shares, $11.5b (2%); assets overseas, $10.0b (3%); other financial assets, $4.5b (25%); net equity of pension funds in life office reserves, $3.2b (2%); land, buildings and equipment, $2.0b (2%); bonds, etc., $1.9b (3%); and loans and placements, $0.1b (1%). These were partially offset by decreases in derivatives, $7.8b (59%); units in trusts, $4.8b (2%); deposits, $2.8b (1%); and short term securities, $1.1b (2%). Other non-financial assets were flat. Public offer (retail) unit trusts At 30 June 2014, total unconsolidated assets of public offer (retail) unit trusts were $294.2b, an increase of $0.9b (0%) on the March quarter 2014 figure of $293.3b. Increases were recorded in loans and placements, $5.0b (16%); short term securities, $0.5b (23%); deposits, $0.3b (8%); other non-financial assets, $0.1b (4%); and derivatives, $0.1b (19%). These were partially offset by decreases in land, buildings and equipment, $2.2b (2%); shares, $1.3b (4%); other financial assets, $0.7b (10%); units in trusts, $0.6b (1%); and assets overseas, $0.5b (1%). Bonds, etc. were flat. Cross investment within public offer (retail) unit trusts was $31.3b, a decrease of $0.9b (3%) compared to the March quarter 2014. Friendly societies At 30 June 2014, total unconsolidated assets of friendly societies were $6.6b, an increase of $0.1b (2%) on the March quarter 2014 figure of $6.5b. Common funds At 30 June 2014, total unconsolidated assets of common funds were $7.5b which was flat on the March quarter 2014 figure of $7.5b. Cash management trusts At 30 June 2014, total unconsolidated assets of cash management trusts were $22.4b which was flat on the March quarter 2014 figure of $22.4b. Increases were recorded in short term securities, $1.9b (16%); and equities, $0.1b (37%). These were partially offset by decreases in deposits, $1.8b (21%); bonds, etc., $0.2b (25%); and other financial assets, $0.1b (60%). Non-financial assets, derivatives, and loans and placements were flat. Cross investment within cash management trusts was $0.6b, an increase of $0.1b (37%) compared to the March quarter 2014. RESIDENT INVESTMENT MANAGERS Source of funds under management At 30 June 2014, total funds under management were $1,588.1b, an increase of $20.3b (1%) on the March quarter 2014 figure of $1,567.8b. Funds under management on behalf of superannuation funds increased $5.5b (1%), and life insurance corporations increased $2.5b (2%). Public offer (retail) unit trusts decreased $3.5b (3%). Common funds, friendly societies, and cash management trusts were flat. At 30 June 2014, the value of funds under management on behalf of sources other than managed funds was $437.2b, an increase of $12.9b (3%) on the March quarter 2014 figure of $424.3b. Increases were recorded in funds under management of behalf of wholesale financial trusts, $3.7b (2%); other sources, $3.0b (9%); national government, $2.8b (4%); state and local government, $1.3b (3%); other investment managers, $1.0b (10%); general insurance, $0.6b (1%); government compensation schemes, $0.3b (3%); and non-government trading corporations, $0.3b (2%). Charities were flat. The value of funds under management on behalf of overseas sources at 30 June 2014 was $83.6b, an increase of $2.9b (4%) on the March quarter 2014 figure of $80.8b.
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