5655.0 - Managed Funds, Australia, Sep 2003
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 28/11/2003
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SEPTEMBER QTR KEY FIGURES
(b) Investments by superannuation funds which are held and administered by life insurance offices are included under life insurance offices. SEPTEMBER QTR KEY POINTS CONSOLIDATED ASSETS
NOTES CHANGES IN THIS ISSUE There are no changes in this issue.. REVISIONS THIS ISSUE There have been revisions in many series as a result of quality assurance work undertaken with data providers. In particular revisions have been made to: cash management trusts (revised back to November 1996 as a result of coverage checks) and life insurance (revised back to March 1998 in respect of classification to financial instrument). In consultation with the Australian Prudential Regulatory Authority (APRA) and the Australian Taxation Office (ATO) total assets and the asset profile of small and medium superannuation funds has been adjusted and revised back to September 1995 to reflect analysis of the annual regulatory returns to ATO and APRA. The data for ATO regulated funds and small and medium APRA funds in this publication are consistent with the revised data published by APRA in June 2003 reference quarter edition of Super Trends (see www.apra.gov.au/statistics). ROUNDING Discrepancies may occur between sums of the component items and totals due to rounding. ABBREVIATIONS
FURTHER INFORMATION For further information about these and related statistics, contact Amanda Seneviratne on Canberra 02 6252 7489, or the National Information and Referral Service on 1300 135 070. MANAGED FUNDS: ADDITIONAL TABLES ON AUSSTATS The tables below are available from the AusStats service on this website by selecting Time Series Spreadsheets and then Finance. 5a. Friendly societies, unconsolidated assets 5b. Friendly societies, liabilities 9a. Public unit trusts, total assets by type of trust 9b. Public unit trusts, total assets by type of asset 9c. Public unit trusts, liabilities and unit holders' funds 9d. Public unit trusts, financial operations 10a. Listed property trusts, assets 10b. Listed property trusts, liabilities and unit holders' funds 10c. Listed property trusts, financial operations 11a. Listed equity trusts, assets 11b. Listed equity trusts, liabilities and unit holders' funds 11c. Listed equity trusts, financial operations 12a. Listed mortgage trusts, assets 12b. Listed mortgage trusts, liabilities and unit holders' funds 12c. Listed mortgage trusts, financial operations 13a. Unlisted property trusts, assets 13b. Unlisted property trusts, liabilities and unit holders' funds 13c. Unlisted property trusts, financial operations 14a. Unlisted equity trusts, assets 14b. Unlisted equity trusts, liabilities and unit holders' funds 14c. Unlisted equity trusts, financial operations 15a. Unlisted mortgage trusts, assets 15b. Unlisted mortgage trusts, liabilities and unit holders' funds 15c. Unlisted mortgage trusts, financial operations 16a. Unlisted other trusts, assets 16b. Unlisted other trusts, liabilities and unit holders' funds 16c. Unlisted other trusts, financial operations 17a. Cash common funds, assets 17b. Cash common funds, liabilities 17c. Cash common funds, deposits and withdrawals 17d. Cash common funds, maturity and dissection of assets 18a. Non-cash common funds, assets 18b. Non-cash common funds, liabilities 18c. Non-cash common funds, deposits and withdrawals MANAGED FUNDS: Consolidated Assets BY TYPE OF INSTITUTION At 30 September 2003, consolidated assets of superannuation funds was $319.7b, up $9.2b (3%) since June 2003. Consolidated assets of life insurance offices was $167.5b, up $6.9b (4%), public unit trusts was $141.0b, up $6.7b (5%) and common funds was $9.0b, up $0.4b (4%). The consolidated assets of cash management trusts was $29.7b, down $0.4b (1%) and friendly societies was $4.5b, virtually unchanged since June 2003. BY TYPE OF ASSET During the quarter equities and units in trusts increased $23.8b (11%), assets overseas, $3.9b (3%) and loans and placements, $0.6b (2%). There were decreases in long term securities of $3.1b (5%), cash and deposits, $1.3b (3%) and land and building, $0.9b (1%). CROSS INVESTMENT The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 September 2003.
MANAGED FUNDS: Unconsolidated Assets LIFE INSURANCE OFFICES At 30 September 2003, the total assets of life insurance offices stood at $197.8b, an increase of $5.7b since June 2003. Holdings of equities and units in trusts increased by $11.7b (11.3%), of which units in trusts increased by $10.4b (15.3%). Major decreases were in long term securities of $3.2b (12.1%), loans and placements of $0.9b (25%) and short term securities of $0.2b (1.3%). Assets held overseas decreased by $1.9b (8.9%). SUPERANNUATION FUNDS The total assets of superannuation funds held outside of life offices was $385.9b at 30 September 2003, an increase of $10.8b (3%) since June 2003. Holdings of equities and units in trusts increased by $6.3b (4%). Of this, trading corporation shares increased by $3.3b (5%), financial sector shares increased by $1.2b (4%) and units in trusts increased by $1.8b (3%). Assets held overseas increased by $4.4b (6%) to $78.6b to account for 20% of total assets. Loans and placements increased by $1.3b (9%) and holdings of long term securities increased by $0.2b (1%). Cash and deposits, short term securities, other financial assets and land and buildings had marginal decreases since June 2003. PUBLIC UNIT TRUSTS The total assets for public unit trusts was $165.9b at 30 September 2003, an increase of $4.9b (3%) since June 2003. The major increases were in equities and units in trusts, up $5.1b (8%), and assets overseas, up $1.4b (6%) on June 2003. There were decreases in short term securities of $0.9b (22%), other financial assets, $0.9b (26%), land and building, $0.5b (1%) and long term securities, $0.2b (7%). FRIENDLY SOCIETIES Total assets of friendly societies was $6.1b at 30 September 2003, virtually unchanged since June 2003. At the end of the quarter, equities and units in trusts stood at $1.8b, long term securities at $1.4b and short term securities at $1.3b. Together they accounted for 72% of total assets. COMMON FUNDS Total assets of common funds was $9.3b at 30 September 2003, an increase of $0.4b (4%) since June 2003. Loans and placements, short term securities and long term securities all increased by $0.1b . There was a decrease in holdings of land and buildings. Short term securities accounted for 45% of total assets. CASH MANAGEMENT TRUSTS Total assets of cash management trusts was $29.7b at 30 September 2003, a decrease of $0.4b (1%) on the revised June 2003 figure. Cash and deposits decreased by $1.2b (30%) while short term securities increased by $0.8b (4%). Long term securities remained virtually unchanged since June 2003. Short term securities accounted for 81% of total assets. MANAGED FUNDS - INVESTMENT MANAGERS SOURCE OF FUNDS UNDER MANAGEMENT During September quarter 2003 there was an increase in total funds under management by investment managers of $21.5b (3%), bringing the total funds under management to $671.4b. The value of funds under management on behalf of public unit trusts increased by $4.6b (5%), superannuation funds increased by $4.6b (2%) and life insurance increased $1.5b (1%). During the quarter the value of funds under management on behalf of other sources increased $9.2b (5%). Of this, the largest increase was funds under management on behalf other investment managers, $3.7b (8%). There were increases also in the value of funds under management on behalf of trusts other than public unit trusts, $3.4b (4%) and general insurance, $2.4b (10%). The value of funds under management on behalf of overseas sources increased to $17.9b following an $1.2b (7%) increase from the previous quarter. Continuing merger activity has resulted in changed reporting arrangements for some fund managers. The ABS continues to work with the relevant fund managers to clarify theses changes in reporting and assess their impact on the estimates. The value of managed funds assets invested through investment managers was $461.3b at 30 June 2003, representing 69% of the consolidated assets of managed funds. Document Selection These documents will be presented in a new window.
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