5655.0 - Managed Funds, Australia, Sep 2012
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/11/2012
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 30 September 2012, the consolidated assets of managed funds institutions were $1,551.6b, an increase of $52.6b (4%) on the June quarter 2012 figure of $1,499.0b. Consolidated assets by types of asset The asset types to increase during the quarter were shares, $21.3b (5%); overseas assets, $14.9b (6%); deposits, $11.4b (5%); units in trusts, $4.9b (3%); bonds, etc., $3.7b (5%); and short term securities, $2.5b (3%). These were partially offset by decreases in other financial assets, $3.0b (7%); other non-financial assets, $1.3b (9%); land, buildings and equipment, $1.1b (1%); derivatives, $0.4b (21%); and loans and placements, $0.3b (1%). The following chart shows the levels of the asset types of managed funds institutions at 30 September 2012. UNCONSOLIDATED ASSETS Life insurance corporations At 30 September 2012, total unconsolidated assets of life insurance corporations were $243.6b, an increase of $8.3b (4%) on the June quarter 2012 figure of $235.2b. Increases were recorded in units in trusts, $5.1b (3%); deposits, $1.0b (8%); shares, $0.9b (5%); assets overseas, $0.9b (6%); bonds, etc., $0.7b (4%); short term securities, $0.2b (2%); and other financial assets, $0.1b (3%). These were partially offset by decreases in loans and placements, $0.3b (10%); other non-financial assets, $0.2b (7%); and derivatives, $0.1b (12%). Land, buildings and equipment was flat compared to the previous quarter. Cross investment within life insurance corporations was $1.9b, which was flat compared to the previous quarter. Net policy liabilities was $207.2b, an increase of $5.9b (3%) on the previous quarter. Superannuation (pension) funds At 30 September 2012, total unconsolidated assets of superannuation funds were $1,409.9b, an increase of $59.9b (4%) on the June quarter 2012 figure of $1,350.1b. Increases were recorded in shares, $20.1b (5%); assets overseas, $15.6b (8%); deposits, $10.9b (5%); units in trusts, $5.4b (3%); net equity of pension funds in life office reserves, $4.9b (3%); bonds, etc., $3.1b (6%); short-term securities, $2.1b (3%); land, buildings and equipment, $1.4b (2%); and loans and placements, $0.3b (3%). These were partially offset by decreases in other financial assets, $3.5b (15%); and derivatives, $0.6b (4%). Other non-financial assets was flat. Public offer (retail) unit trusts At 30 September 2012, total unconsolidated assets of public offer (retail) unit trusts were $255.9b, a decrease of $3.5b (1%) on the June quarter 2012 figure of $259.4b. Decreases were recorded in land, buildings and equipment, $2.6b (3%); assets overseas, $1.5b (5%); deposits, $0.4b (8%); derivatives, $0.3b (25%); loans and placements, $0.3b (2%); and bonds, etc., $0.1b (3%). These were partially offset by increases in units in trusts, $1.3b (2%); shares, $0.4b (1%); and short-term securities, $0.2b (7%). Other financial assets and other non-financial assets were flat. Cross investment within public offer (retail) unit trusts was $26.7b, an increase of $0.1b (0%) compared to the previous quarter. Friendly societies At 30 September 2012, total unconsolidated assets of friendly societies were $6.0b, an increase of $0.1b (2%) on the June quarter 2012 figure of $5.8b. Common funds At 30 September 2012, total unconsolidated assets of common funds were $7.7b, an increase of $0.2b (2%) on the June quarter 2012 figure of $7.5b. Cash management trusts At 30 September 2012, total unconsolidated assets of cash management trusts were $24.5b. This was flat compared to the previous quarter. Increases were recorded in units in trusts, $0.1b (7%); and bonds, etc., $0.1b (5%). These were offset by a decrease in deposits, $0.1b (1%). Short term securities and other financial assets were flat compared to the previous quarter. Cross investment within cash management trusts was $1.4b, an increase of $0.1b (7%) on the previous quarter. RESIDENT INVESTMENT MANAGERS Source of funds under management At 30 September 2012, total funds under management were $1,270.4b, an increase of $42.0b (3%) on the June quarter 2012 figure of $1,228.4b. At 30 September 2012, the value of funds under management on behalf of managed funds institutions was $858.9b, an increase of $26.2b (3%) on the June quarter 2012 figure of $832.7b. Increases were recorded in superannuation funds, $23.9b (4%); public offer (retail) unit trusts, $1.9b (2%); and cash management trusts, $0.4b (3%). A decrease was recorded in common funds, $0.1b (2%). Life insurance corporations and friendly societies were flat. At 30 September 2012, the value of funds under management on behalf of sources other than managed funds was $336.6b, an increase of $9.1b (3%) on the June quarter 2012 figure of $327.4b. Increases were recorded in funds under management on behalf of wholesale financial trusts, $2.5b (2%); state and local government, $2.4b (5%); government compensation schemes, $1.5b (17%); non-government trading corporations, $1.0b (5%); national government, $0.9b (2%); general insurance, $0.4b (1%); other sources, $0.2b (1%); charities, $0.1b (7%); and other investment managers, $0.1b (1%). The value of funds under management on behalf of overseas sources at 30 September 2012 was $75.0b, an increase of $6.7b (10%) on the June quarter 2012 figure of $68.3b.
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