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Managed Funds, Australia

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Statistics about money pooled for investment purposes in the managed funds industry

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Reference period
June 2019
Released
5/09/2019
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Key statistics

  • Managed funds under management increased to $3,680.6b (+3.0%) in June.
  • Consolidated assets of managed funds institutions were $3,000.0b (+3.6%).
  • $530.9b of assets cross invested between managed funds institutions.
  • Unconsolidated assets of superannuation funds increased $100.3b (3.6%).

Main features

June key figures
Mar Qtr 2019 ($m)Jun Qtr 2019 ($m)
Total managed funds industry3,573,5313,680,620
Consolidated assets total managed funds institutions2,896,3572,999,986
Cross invested assets between managed funds institutions567,339530,875
Unconsolidated assets total managed funds institutions3,463,6973,530,861
Life insurance corporations238,414n.p.
Superannuation (pension) funds2,787,9882,888,244
Public offer (retail) unit trusts378,527380,964
All other managed funds institutions58,768n.p.

n.p.: not available for publication but included in totals where applicable, unless otherwise indicated
 


 

June key points

Total managed funds industry

  • At 30 June 2019, the managed funds industry had $3,680.6b funds under management, an increase of $107.1b (3.0%) on the March quarter 2019 figure of $3,573.5b
  • The main valuation effects that occurred during the June quarter 2019 were as follows: the S&P/ASX 200 increased 7.1%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 3.3%; and the A$ depreciated 1.0% against the US$.

Consolidated assets of managed funds institutions

  • At 30 June 2019, the consolidated assets of managed funds institutions were $3,000.0b, an increase of $103.6b (3.6%) on the March quarter 2019 figure of $2,896.4b.
  • The asset types that increased were units in trusts, $33.6b (4.3%); overseas assets, $33.0b (6.2%); shares, $30.9b (6.1%); bonds, etc., $7.2b (6.9%); deposits, $6.5b (2.5%); other financial assets, $4.1b (1.7%). These were partially offset by decreases in derivatives, $5.4b (13.8%); short term securities, $2.6b (3.0%); other non-financial assets, $2.0b (19.4%); loans and placements, $1.4b (3.2%); land, buildings and equipment, $0.2b (0.1%).

Cross invested assets

  • At 30 June 2019, there were $530.9b of assets cross invested between managed funds institutions.

Unconsolidated assets

  • At 30 June 2019, the unconsolidated assets of superannuation (pension) funds increased $100.3b (3.6%), public offer (retail) unit trusts increased $2.4b (0.6%), friendly societies increased $0.3b (3.9%). Cash management trusts decreased $0.8b (2.1%).

Revisions

  • Table 3 Life insurance corporations - revised back to the March quarter 2019.
  • Table 4 Superannuation (pension) funds - revised back to the September quarter 2016.
  • Table 5 Public offer (retail) unit trusts - revised back to the September quarter 2005.
  • Table 6 Friendly Societies - no revisions.
  • Table 7 Common funds - no revisions.
  • Table 8 Cash management trusts - revised back to the September quarter 2009.
  • Table 9 Resident Investment Managers - revised back to the September quarter 2016.

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Analysis

Managed funds industry

At 30 June 2019, the managed funds industry had $3,680.6b funds under management, an increase of $107.1b (3.0%) on the March quarter 2019 figure of $3,573.5b. Increases were recorded in consolidated assets of managed funds institutions, $103.6b (3.6%); funds managed by Australian investment managers on behalf of Australian entities other than  managed funds institutions, $3.7b (0.7%); funds managed by Australian investment managers on behalf of overseas investors, $0.3b (0.2%).

The following diagram shows the total value of the managed funds industry at 30 June 2019 and the relationship between the various components of the industry:

1. Diagram: June quarter 2019 managed funds diagram

Diagram: June quarter 2019 managed funds diagram
A flow chart image beginning with the source of funds. These are overseas investors (unintermediated), other resident investors, and resident managed funds institutions (consolidated assets). Overseas investors (unintermediated) total $126.6 billion. These funds do not include investments held by Australian nominees on behalf of overseas investors. Other resident investors, totalling $566.9 billion, and resident managed funds institutions (consolidated assets) totalling $3,000.0 billion, are domestic sources. Overseas investors (unintermediated), other resident investors, and $1,578.9 billion from the resident managed funds institutions (consolidated assets) combine to make $2,272.0 billion which is placed with resident investment managers. Of this $2,272.0 billion, $12.5 billion are funds invested by resident investment managers with other resident investment managers. These are deducted to derive the total managed funds industry. The remaining $1,421.1 billion from the resident managed funds institutions (consolidated assets) is placed with non-resident investment managers or directly invest into the markets. Placement with resident investment managers and non-resident investment managers or directly invested into the markets are methods of investment. The two methods of investment combine into $3,680.6 billion as the total managed funds industry. * Indicates funds invested by resident investment managers with other resident investment managers. These are deducted to derive the total managed funds industry. ** These funds do not include investments held by Australian nominees on behalf of overseas investors.

* Indicates funds invested by resident investment managers with other resident investment managers. These are deducted to derive the total managed funds industry.
** These funds do not include investments held by Australian nominees on behalf of overseas investors.

Managed funds institutions

Consolidated assets of managed funds institutions

At 30 June 2019, the consolidated assets of managed funds institutions were $3,000.0b, an increase of $103.6b (3.6%) on the March quarter 2019 figure of $2,896.4b.

Consolidated assets by types of asset

The asset types that increased were units in trusts, $33.6b (4.3%); overseas assets, $33.0b (6.2%); shares, $30.9b (6.1%); bonds, etc., $7.2b (6.9%); deposits, $6.5b (2.5%); other financial assets, $4.1b (1.7%). These were partially offset by decreases in derivatives, $5.4b (13.8%); short term securities, $2.6b (3.0%); other non-financial assets, $2.0b (19.4%); loans and placements, $1.4b (3.2%); land, buildings and equipment, $0.2b (0.1%).

Unconsolidated assets

Life insurance corporations

Some aggregate statistics for life insurance corporations that are usually released in this publication have been suppressed to protect the confidentiality of data providers.

Published life insurance asset classes that recorded increases were: short term securities, $1.2b (53.4%); assets overseas, $0.8 (5.6%); other financial assets, $0.6b (11.0%); deposits, $0.3b (5.1%); loans and placements, $0.1b (2.7%). Decreases were recorded in other non-financial assets, $2.1b (47.3%); shares, $0.2b (1.0%); bonds, etc., $0.1b (0.2%). Derivatives were flat.

Superannuation (pension) funds

At 30 June 2019, total unconsolidated assets of superannuation funds were $2,888.2b, an increase of $100.3b (3.6%) on the March quarter 2019 figure of $2,788.0b.

Increases were recorded in units in trusts, $64.4b (6.7%); assets overseas, $32.1b (6.9%); shares, $31.4b (7.0%); bonds, etc., $6.0b (8.9%); deposits, $6.0b (2.5%); land, buildings and equipment, $1.4b (1.0%).These were partially offset by decreases in derivatives, $6.1b (17.5%); short term securities, $2.5b (4.5%). Loans and placements were flat.

Public offer (retail) unit trusts

At 30 June 2019, total unconsolidated assets of public offer (retail) unit trusts were $381.0b, an increase of $2.4b (0.6%) on the March quarter 2019 figure of $378.5b.

Increases were recorded in units in trusts, $2.9b (3.3%); other financial assets, $1.4b (24.1%); bonds, etc., $0.7b (7.3%); derivatives, $0.6b (19.6%); short term securities, $0.2b (6.0%); assets overseas, $0.1b (0.2%). These were partially offset by decreases in land, buildings and equipment, $1.6b (1.2%); loans and placements, $1.5b (4.7%); deposits, $0.4b (4.9%). Other non-financial assets and shares were flat.

Friendly societies

At 30 June 2019, total unconsolidated assets of friendly societies were $7.7b, an increase of $0.3b (3.9%) on the March quarter 2019 figure of $7.4b.

Common funds

Some aggregate statistics for common funds that are usually released in this publication have been suppressed to protect the confidentiality of data providers.

Cash management trusts

At 30 June 2019, total unconsolidated assets of cash management trusts were $39.3b, a decrease of $0.8b (2.1%) on the March quarter 2019 figure of $40.2b.

Decreases were recorded in short term securities, $1.4b (5.5%). These were partially offset by increases in deposits, $0.6b (6.3%); bonds, etc., $0.3b (10.5%). Other financial assets, non-financial assets, loans and placements and derivatives were flat.

Cross investment within cash management trusts was $1.0b, a decrease of $0.3b (22.1%) compared to the March quarter 2019. 

Resident investment managers

Source of funds under management

At 30 June 2019, total funds under management were $2,272.0b, an increase of $59.3b (2.7%) on the March quarter 2019 figure of $2,212.6b.

Funds under management on behalf of superannuation funds increased $52.9b (4.4%), life insurance corporations increased $1.6b (1.1%), public offer (retail) unit trusts increased $1.3b (1.0%). Cash management trusts decreased $0.5b (2.2%).

At 30 June 2019, the value of funds under management on behalf of sources other than managed funds was $566.9b, an increase of $3.7b (0.7%) on the March quarter 2019 figure of $563.1b.

Increases were recorded in funds under management on behalf of wholesale financial trusts, $2.6b (1.2%); non-government trading corporations, $2.6b (6.3%); other investment managers, $0.6b (5.0%); government compensation schemes, $0.5b (1.8%); general insurance, $0.4b (1.0%). These were partially offset by decreases in national government, $2.3b (2.0%); state and local government, $0.7b (1.5%). Other sources and charities were flat.

The value of funds under management on behalf of overseas sources at 30 June 2019 was $126.2b, an increase of $0.3b (0.2%) on the March quarter 2019 figure of $125.9b.

Assets of managed funds - June quarter 2019
Assets invested through investment managers ($m)Assets invested directly ($m)Unconsolidated assets of managed funds ($m)
Life insurance corporations146,629npnp
Superannuation (pension) funds1,266,9211,621,3242,888,244
Public offer (retail) unit trusts139,035241,929380,964
Friendly societiesnpnp7,721
Common fundsnp8,452np
Cash management trusts22,43016,88639,316
Total1,578,8691,951,9923,530,861

np not available for publication but included in totals where applicable, unless otherwise indicated

Inquiries

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.

Data downloads

Table 1. Summary managed funds industry, consolidated assets, total funds under management at end of period

Data files
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Table 2. Summary managed funds institutions, assets at end of period

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Table 3. Life insurance offices, unconsolidated assets, amounts outstanding at end of period

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Table 4. Superannuation funds, unconsolidated assets, amounts outstanding at end of period

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Table 5. Public unit trusts, unconsolidated assets, amounts outstanding at end of period

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Table 6. Friendly societies, unconsolidated assets, amounts outstanding at end of period

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Table 7. Common funds, unconsolidated assets, amounts outstanding at end of period

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Table 8. Cash management trusts, unconsolidated assets, amounts outstanding at end of period

Data files
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Table 9. Investment managers, source of funds, unconsolidated assets, amounts outstanding at end of period

Data files
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Methodology

Managed Funds, Australia methodology, June 2019