Managed Funds, Australia

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Statistics on the assets and liabilities of financial institutions that pool funds for investment, classified by type of financial instrument

Reference period

September 2023

Released

19/12/2023

View all releases

Key statistics

During the September 2023 quarter:

the total managed funds industry rose $6.4b (0.1%) to $4,571.5b funds under management, up from a revised June quarter $4,565.0b.
consolidated assets of managed funds institutions rose $18.4b (0.5%) to $3,730.8b.
cross invested assets fell $0.8b (-0.1%) to $545.5b.
unconsolidated assets rose $17.6b (0.4%) to $4,276.3b.

Data quality and user consultation

The Managed Funds publication provides a view of Funds under Management in the Managed Funds Industry, which is based on ABS methodology and definitions. This can differ from how the industry operates in practice. The Managed Funds industry has evolved significantly since the surveys and their related methodologies were last updated. As a result, some of the statistics produced in the Managed Funds publication do not capture the full scope of activity. Please see Managed Funds, Australia methodology for more information.
The ABS will seek feedback from users regarding the Managed Funds statistics from 19 December 2023 until 29 February 2024. The ABS will use this process to understand current use of data, key data requirements and potential future changes to content. If you would like to participate, please email financial.statistics.wdb@abs.gov.au (Attn: Managed Funds consultation).

		Jun Qtr 2023 $m	Sep Qtr 2023 $m	Jun Qtr 2023 to Sep Qtr 2023 %
Total managed funds industry		4,565,042	4,571,490	0.1
Consolidated assets total managed funds institutions		3,712,409	3,730,847	0.5
Cross invested assets between managed funds institutions		546,299	545,480	-0.1
Unconsolidated assets total managed funds institutions		4,258,707	4,276,327	0.4
	Life insurance corporations	120,320	119,670	-0.5
	Superannuation (pension) funds	3,612,745	3,640,298	0.8
	Public offer (retail) unit trusts	478,700	469,144	-2.0
	All other managed funds institutions	46,942	47,215	0.6

Managed funds industry

Managed funds industry - source of funds
	Resident Investment Managers; Sourced from Managed Funds Institutions ($b)	Resident Investment Managers; Sourced from Other Resident Sources ($b)	Resident Investment Managers; Sourced from Overseas ($b)	Managed Funds Institutions; Directly Invested or Placed with Non-Resident Investment Managers ($b)
Sep-18	1,448.916	628.07	124.438	1,342.495
Dec-18	1,390.374	598.511	118.563	1,302.476
Mar-19	1,479.357	648.206	125.565	1,354.387
Jun-19	1,539.308	664.096	135.885	1,396.906
Sep-19	1,582.981	673.65	146.771	1,424.836
Dec-19	1,619.898	686.262	162.865	1,443.766
Mar-20	1,507.574	625.813	161.338	1,390.335
Jun-20	1,503.737	652.18	165.831	1,474.232
Sep-20	1,528.298	657.232	169.124	1,463.751
Dec-20	1,626.478	685.27	177.62	1,514.778
Mar-21	1,675.163	700.089	186.851	1,561.582
Jun-21	1,774.834	764.028	198.449	1,628.564
Sep-21	1,812.154	746.066	212.732	1,661.397
Dec-21	1,855.222	753.837	196.343	1,702.678
Mar-22	1,836.665	731.947	172.648	1,695.356
Jun-22	1,741.913	670.452	175.39	1,670.869
Sep-22	1,750.413	663.561	171.05	1,679.332
Dec-22	1,818.134	679.664	168.329	1,695.23
Mar-23	1,895.459	689.28	178.4	1,729.189
Jun-23	1,913.824	686.684	178.142	1,786.392
Sep-23	1,923.557	678.312	174.492	1,795.129

Managed funds industry - source of funds

[" ","Resident Investment Managers; Sourced from Managed Funds Institutions","Resident Investment Managers; Sourced from Other Resident Sources","Resident Investment Managers; Sourced from Overseas","Managed Funds Institutions; Directly Invested or Placed with Non-Resident Investment Managers"]

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Resident investment managers' placements with other resident investment managers are deducted when deriving the size of the total managed funds industry.

Managed funds institutions' asset allocations - Proportion of consolidated funds under management - Selected assets
	Deposits (%)	Short term securities (%)	Bonds, etc. (%)	Shares (%)	Units in trusts (%)	Overseas assets (%)
Sep-08	9.5	6.4	4.8	19.8	24.7	16.2
Dec-08	11.2	6.4	5	18.2	23.4	15.9
Mar-09	11.3	6.5	5	18.4	22.8	15.3
Jun-09	11.7	6.6	4.4	19.8	23.1	14.5
Sep-09	10.9	6.2	4.5	21.8	23.9	14.2
Dec-09	10.6	5.7	4.3	22.2	24.6	14.3
Mar-10	10.5	5.3	4.2	22.6	24.8	14.5
Jun-10	10.9	5.4	4.4	21.5	24.2	14.5
Sep-10	11.1	4.7	4	22.3	25	14.1
Dec-10	10.9	4.5	3.7	22.8	25.4	13.9
Mar-11	10.8	4.3	3.6	23	25.6	14
Jun-11	11.7	4.1	3.6	21.9	25.2	13.8
Sep-11	12.5	4.4	3.7	20.4	24.6	14.1
Dec-11	12.4	4.6	3.6	20.7	24.6	13.9
Mar-12	12.4	4.4	3.6	21	24.6	14.1
Jun-12	13.8	4.4	3.7	19.9	24.4	13.7
Sep-12	13.8	4.2	3.8	19.7	24.8	14.1
Dec-12	13.2	4.1	3.7	20.2	25.4	14.1
Mar-13	12.8	3.9	3.5	20.8	25.8	14.2
Jun-13	13.2	3.7	3.3	19.7	26.1	15.1
Sep-13	12.8	3.7	3.3	20.5	26.5	14.9
Dec-13	12.5	3.4	3.3	20.6	26.9	15.8
Mar-14	12.5	3.4	3.3	20	27.1	15.6
Jun-14	12.1	3.4	3.3	19.8	27.8	15.7
Sep-14	12.1	3.4	3.2	19.4	28.4	16.2
Dec-14	11.7	3.5	3.3	19.3	28.5	17
Mar-15	11.2	3.4	3.2	19.7	28.7	17.3
Jun-15	11.3	3.4	3.3	18.8	28.2	17.3
Sep-15	11.3	3.6	3.4	18.1	28.7	17.4
Dec-15	11.1	3.6	3.3	18.2	28.8	17
Mar-16	11.1	3.7	3.3	17.9	28.7	16.7
Jun-16	11.2	3.7	3.3	18.1	28.4	16.8
Sep-16	10.1	3.4	3.2	17	27.3	16.5
Dec-16	9.6	3.3	3.2	17.5	27.7	16.7
Mar-17	9.6	3.3	2.9	17.6	27.5	16.8
Jun-17	9.8	3.5	2.9	16.7	27.2	17
Sep-17	9.4	3.6	2.9	16.7	27.2	17.8
Dec-17	8.9	3.2	3.1	17.4	27.6	18
Mar-18	8.7	3.2	3.1	16.7	27.5	18.8
Jun-18	8.7	3.1	3.2	17.5	27.4	18.4
Sep-18	8.6	3.1	3.2	17	27.7	18.7
Dec-18	8.8	3.2	3.5	16.2	27.5	18.4
Mar-19	8.5	3.2	3.5	16.6	27.5	18.9
Jun-19	8.5	3	3.6	16.9	27.5	19.4
Sep-19	8.4	2.7	3.7	16.9	27.5	19.9
Dec-19	8.1	2.9	3.8	16.7	27.1	20.5
Mar-20	9.7	3.1	3.7	13.6	25.7	21
Jun-20	9.6	3.3	3.7	15.6	25.5	20.3
Sep-20	9.3	3.2	3.7	15.7	26.1	20.3
Dec-20	8.4	3	3.7	17.3	26	20.7
Mar-21	8.2	2.8	3.6	17.7	25.9	21.5
Jun-21	7.9	2.3	3.5	18.4	25.9	22
Sep-21	7.5	2.2	3.4	18.3	25.9	22.5
Dec-21	7	2.2	3.2	18.5	25.7	22.9
Mar-22	7	2.3	3.3	19.2	25.2	22.1
Jun-22	8	2.3	3.4	17.6	24.9	21.9
Sep-22	8	2.4	3.5	17.9	24.7	21.8
Dec-22	7.9	2.4	3.6	18.7	24.7	21.7
Mar-23	8	2.3	3.9	18.5	24.5	22.4
Jun-23	8	2.1	4	18.2	24.2	23.3
Sep-23	8.2	2.2	4	18.1	23.9	23.1

Managed funds institutions' asset allocations - Proportion of consolidated funds under management - Selected assets

[" ","Deposits","Short term securities","Bonds, etc.","Shares","Units in trusts","Overseas assets"]

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Note: Hide/unhide series in the graph by clicking the legend above

Superannuation (pension) funds

Total unconsolidated assets of superannuation funds rose $27.6b (0.8%) to $3,640.3b during the September quarter.

Key movements were as follows:

other financial assets rose $13.3b (5.0%)
deposits rose $8.2b (3.0%)
derivatives rose $6.9b (17.0%).
units in trusts fell $6.2b (-0.5%)
short term securities rose $2.6b (4.7%).

Total assets of superannuation (pension) funds; percentage growth
	Total assets of superannuation (pension) funds, percentage growth (%)
Sep-18	2.1
Dec-18	-4.3
Mar-19	5.9
Jun-19	3.8
Sep-19	2.7
Dec-19	1.7
Mar-20	-7.1
Jun-20	3.6
Sep-20	0.9
Dec-20	5.7
Mar-21	3.3
Jun-21	5.6
Sep-21	2.2
Dec-21	2.4
Mar-22	-1.1
Jun-22	-4.4
Sep-22	0.4
Dec-22	3.0
Mar-23	3.5
Jun-23	2.2
Sep-23	0.8

Total assets of superannuation (pension) funds; percentage growth

[" ","Total assets of superannuation (pension) funds, percentage growth"]

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Public offer (retail) unit trusts

Total unconsolidated assets of public offer (retail) trusts fell $ 9.6b (-2.0%) to $469.1b during the September quarter.

Key movements were as follows:

assets overseas fell $3.6b (-3.9%)
shares fell $3.2b (-4.7%)
units in trusts fell $2.2b (-2.0%)
other financial assets fell $1.7b (-24.2%)
land, buildings and equipment fell $1.0b (-0.7%).

Cross investment within public offer (retail) unit trusts rose $0.002b (0.005%) to $42.9b.

Total assets of public offer (retail) unit trusts; percentage growth
	Total assets of public offer (retail) unit trusts, percentage growth (%)
Sep-18	2.2
Dec-18	-2.8
Mar-19	3.3
Jun-19	1.4
Sep-19	2.4
Dec-19	3.3
Mar-20	-3.9
Jun-20	1.7
Sep-20	1.7
Dec-20	4.1
Mar-21	2.6
Jun-21	5.3
Sep-21	2.9
Dec-21	4.4
Mar-22	-3.3
Jun-22	-1.5
Sep-22	0.4
Dec-22	2.4
Mar-23	1.8
Jun-23	1.4
Sep-23	-2.0

Total assets of public offer (retail) unit trusts; percentage growth

[" ","Total assets of public offer (retail) unit trusts, percentage growth"]

[["Sep-18","Dec-18","Mar-19","Jun-19","Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23"],[[2.2000000000000002],[-2.7999999999999998],[3.2999999999999998],[1.3999999999999999],[2.3999999999999999],[3.2999999999999998],[-3.8999999999999999],[1.7],[1.7],[4.0999999999999996],[2.6000000000000001],[5.2999999999999998],[2.8999999999999999],[4.4000000000000004],[-3.2999999999999998],[-1.5],[0.40000000000000002],[2.3999999999999999],[1.8],[1.3999999999999999],[-2]]]

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Other managed funds institutions

Life insurance

Total unconsolidated assets of life insurance corporations fell $0.7b (-0.5%) to $119.7b during the September quarter.

Key movements were as follows:

units in trusts fell $1.1b (-2.6%)
assets overseas fell $0.8b (-4.4%)
bonds, etc. rose $0.7b (2.5%)
other financial assets rose $0.3b (5.6%)
shares rose $0.3b (3.0%).

Total assets of life insurance corporations; percentage growth
	Total assets of life insurance corporations, percentage growth (%)
Sep-18	0.3
Dec-18	-4.4
Mar-19	3.9
Jun-19	-13.4
Sep-19	-0.4
Dec-19	0.0
Mar-20	-9.0
Jun-20	-31.2
Sep-20	-1.1
Dec-20	0.9
Mar-21	-1.5
Jun-21	1.1
Sep-21	0.9
Dec-21	-1.9
Mar-22	-1.5
Jun-22	-4.6
Sep-22	-1.1
Dec-22	0.4
Mar-23	2.1
Jun-23	-0.9
Sep-23	-0.5

 Total assets of life insurance corporations; percentage growth

[" ","Total assets of life insurance corporations, percentage growth"]

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[]

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All other managed funds institutions

Total unconsolidated assets of:

friendly societies rose $0.04b (0.5%) to $ 9.5b
common funds rose $0.3b (2.8%) to $12.1b
cash management trusts fell $0.1b (-0.4%) to $25.6b.

Data quality note - Life Insurance and Friendly Societies

The adoption of the AASB 17 accounting standard by the insurance industry has resulted in changes to reported data. Consequently, some of the estimates for life insurance corporations in the September quarter 2023 have been modelled. While these series continue to be published, users are advised to apply caution. The ABS is working with data providers to resolve these issues as quickly as possible.

Data downloads

Time series spreadsheets

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

Data files

Download xlsx [51.9 KB]

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

Data files

Download xlsx [74.58 KB]

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

Data files

Download xlsx [112.98 KB]

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

Data files

Download xlsx [104.71 KB]

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

Data files

Download xlsx [154.94 KB]

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

Data files

Download xlsx [89.86 KB]

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

Data files

Download xlsx [102.01 KB]

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

Data files

Download xlsx [94.95 KB]

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

Data files

Download xlsx [72.72 KB]

Revisions

Table 1 Summary managed funds industry - revised back to the December quarter 2019.
Table 2 Summary managed funds institutions - revised back to the December quarter 2019.
Table 3 Life insurance offices - no revisions.
Table 4 Superannuation (pension) funds - revised back to the December quarter 2019. Revisions to Deposits accepted by Banks date back to September Quarter 2021. These are the result of a change in the model used to compile Self-Managed Superannuation Funds (SMSFs) assets. Data will be subject to further revisions in the next released, users are advised to apply caution.
Table 5 Public offer (retail) unit trusts - revised back to the June quarter 2023.
Table 6 Friendly Societies - no revisions.
Table 7 Common funds - no revisions.
Table 8 Cash management trusts - no revisions.
Table 9 Resident Investment Managers - revised back to the December quarter 2019.

Enquiries

For enquiries about these and related statistics, contact the Customer Assistance Service via the ABS website Contact Us page. The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to us.

Previous catalogue number

This release previously used catalogue number 5655.0.

Methodology

Managed Funds, Australia methodology, September 2023

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APA

Citation

Managed Funds, Australia

APA

Citation

Key statistics

Data quality and user consultation

Managed funds industry

Superannuation (pension) funds

Public offer (retail) unit trusts

Other managed funds institutions

Life insurance

All other managed funds institutions

Data quality note - Life Insurance and Friendly Societies

Data downloads

Time series spreadsheets

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

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

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

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

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

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

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

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

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

Revisions

Enquiries

Previous catalogue number

Methodology

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