SEPTEMBER KEY FIGURES
 | Sep Qtr 2005 | Jun Qtr 2006 | Sep Qtr 2006 | |
| CONSOLIDATED ASSETS | $m | $m | $m | |
| |
| Superannuation funds | 469 643 | 545 961 | 558 761 | |
| Life insurance offices(a) | 195 947 | 203 639 | 203 015 | |
| Other managed funds | 245 606 | 277 387 | 280 290 | |
| Total | 911 197 | 1 026 987 | 1 042 065 | |
| |
| (a) Investments by superannuation funds which are held and administered by life insurance offices are included under life insurance offices. |
| See note on consolidation in Explanatory Notes, paragraph 10. |
Total consolidated assets
| |
SEPTEMBER KEY POINTS
CONSOLIDATED ASSETS
- Total consolidated assets of managed funds institutions was $1042.1b at 30 September 2006, an increase of $15.1b (1.5%) on the revised June quarter 2006 figure of $1027.0b.
- Consolidated assets of superannuation funds increased by $12.8b (2.3%) and public unit trusts were up by $3.6b (1.6%). Partially offsetting these was a decrease in the consolidated assets of life insurance offices of $0.6b (-0.3%), friendly societies of $0.5b (-11.1%) and cash management trusts of $0.2b (-0.4%).
- Investments in assets overseas increased by $10.6b (4.8%). Other increases were recorded in short-term securities, up $7.9b (10.2%), equities and units in trusts, up $3.7b (0.9%) and loans and placements up $0.7b (3.0%). Investments in long term securities were down $4.0b (-4.5%), other assets down $3.1b (-10.1%) and cash and deposits down $0.8b (-1.1%). During the September quarter 2006, the S&P/ASX 200 rose 1.6%, the price of foreign shares (represented by the US S&P 500) rose 5.1% and the $A appreciated against the $US by 0.6%. In addition the 5 year Treasury Bond yield, averaged over the three months within the quarter, increased from 5.72% to 5.77%.
- Investment managers had $988.0b in funds under management at 30 September 2006, up $15.9b (1.6%) on the revised June quarter 2006 figure of $972.0b. They managed $700.1b (67.2%) of the consolidated assets of managed funds institutions.
NOTES
FORTHCOMING ISSUES
| ISSUE (QUARTER) | Release Date |
| December 2006 | 27 February 2007 |
| March 2007 | 30 May 2007 |
| June 2007 | 30 August 2007 |
| September 2007 | 29 November 2007 |
REVISIONS THIS ISSUE
There have been revisions in some series as a result of quality assurance work undertaken with data providers.
SIGNIFICANT EVENTS
There are no significant events in this issue.
ROUNDING
Discrepancies may occur between sums of the component items and totals due to rounding.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Sawbhag Naidu on Canberra (02) 6252 5386.
ANALYSIS
CONSOLIDATED ASSETS
By type of institution
At 30 September 2006, consolidated assets of superannuation funds were $558.8b, up $12.8b (2.3%) on the revised June 2006 figure. Consolidated assets of public unit trusts increased by $3.6b (1.6%). Consolidated assets of life insurance offices decreased by $0.6b (-0.3%), friendly societies decreased by $0.5b (-11.1%), and the assets of common funds and cash management trusts moved marginally on the June quarter figures.
By type of asset
The major asset movements for the quarter were assets overseas up $10.6b (4.8%), short-term securities, up $7.9b (10.2%), equities and units in trusts, up $3.7b (0.9%) and loans and placements up $0.7b (3.0%). There were decreases in long term securities, down $4.0b (-4.5%), other assets, down $3.1b (-10.1%) and cash and deposits, down $0.8b (-1.1%).
Cross investment
The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 September 2006.
| Unconsolidated assets | Cross- invested assets | Consolidated assets | |
| Type of fund | $m | $m | $m | |
| |
| Life insurance offices | 238 926 | 35 911 | 203 015 | |
| Superannuation funds | 736 534 | 177 774 | 558 761 | |
| Public unit trusts | 263 962 | 35 991 | 227 971 | |
| Friendly societies | 6 777 | 2 688 | 4 089 | |
| Common funds | 10 711 | 499 | 10 212 | |
| Cash management trusts | 38 018 | - | 38 018 | |
| Total | 1 294 929 | 252 863 | 1 042 065 | |
| |
| - nil or rounded to zero (including null cells) |
UNCONSOLIDATED ASSETS
Life insurance offices
At 30 September 2006, the total assets of life insurance offices were $238.9b, an increase of $0.8b (0.3%) on the revised June 2006 figure of $238.2b. Increases were recorded in equities and units in trusts of $2.2b (1.4%) and assets overseas of $0.5b (3.5%). Partially offsetting this was a decrease in short term securities of $0.5b (-4.4%), land and buildings of $0.4b (-4.3%), long term securities of $0.4b (-1.5%), other financial assets of $0.3b (-11.3%) and loans and placements of $0.2b (-7.2%).
Superannuation funds
The total assets of superannuation funds held outside of life offices was $736.5b at 30 September 2006, an increase of $16.8b (2.3%) on the revised June 2006 figure. Major increases were recorded for assets overseas of $8.3b (5.3%) equities and units in trusts of $6.1b (1.7%), short term securities of $4.7b (16.0%) and cash and deposits of $1.6b (2.6%). Decreases were recorded for other financial assets of $2.1b (-16.5%) and long term securities of $1.2b (-2.2%).
Public unit trusts
The total assets for public unit trusts was $264.0b at 30 September 2006, up $5.9b (2.3%) on the revised June 2006 figure of $258.0b. The major increases were in equities and units in trusts up $2.5b (2.7%), assets overseas up $1.8b (3.8%), loans and placements, up $0.9b (10.9%), land and buildings, up $0.9b (1.2%) short term securities up $0.6b (10.9%) and other non-financial assets up $0.5b (4.6%). There were decreases in other financial assets of $0.9b (-16.0%) and long term debt securities of $0.4b (-25.8%).
Friendly societies
Total assets of friendly societies was $6.8b at 30 September 2006, virtually unchanged from the June quarter 2006 figure. An increase in equities and units in trusts, up $0.5b (21.9%), was offset by a decrease in cash and deposits of $0.5b (-41.8%).
Common funds
Total assets of common funds was $10.7b at 30 September 2006, virtually unchanged from the June quarter 2006 figure. The major movements were in short term securities, which increased by $0.4b (12.1%) and cash and deposits, which decreased by $0.4b (-16.8%).
Cash management trusts
Total assets of cash management trusts was $38.0b at 30 September 2006, down $0.2b (-0.4%) on the June 2006 figure of $38.2b. Decreases occurred in long term securities of $2.0b (-39.5%), and cash and deposits of $0.8b (-15.2%). These were mostly offset by an increase in short term securities of $2.7b (10.5%).
INVESTMENT MANAGERS
Source of funds under management
During the September quarter 2006, there was an increase in total funds under management by investment managers of $15.9b (1.6%) on the revised June quarter figure, bringing the total funds under management to $988.0b.
The value of funds under management on behalf of superannuation funds increased by $8.5b (2.2%), public unit trusts increased by $3.1b (2.7%), cash management trusts $0.4b (1.3%) and life insurance offices increased by $0.2b (0.2%). This was partially offset by decreases in the value of funds under management on behalf of common funds of $0.5b (-5.3%).
During the quarter, the value of funds under management on behalf of sources other than managed funds increased $2.8b (1.2%). Of this, the largest increases were in funds under management on behalf of other trusts, up $2.9b (2.2%) and other investment managers up $2.2b (8.4%). These were partially offset by a decrease in funds under management on behalf of government, down $1.8b (-7.2%) and other sources, down $0.7b (-2.1%).
The value of funds under management on behalf of overseas sources was $42.2b, an increase of $1.7b (4.1%) on the revised June 2006 quarter figure.
The value of managed funds assets invested through investment managers was $700.1b at 30 September 2006, representing 67.2% of the consolidated assets of managed funds.
Print Page
Print All