Australian Bureau of Statistics
5655.0 - Managed Funds, Australia, Dec 2013
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2014
|Page tools: Print Page Print All RSS Search this Product|
8 Investment managers are generally subsidiaries of life insurance offices, banks, merchant banks, or organisations related to these types of institutions. They can be either separately constituted legal entities or form a segment of a particular financial institution.
ASSETS, VALUATION AND TIME SERIES COMPARISONS
9 The data tabulated in this publication are the stocks of assets held by the various types of institutions, classified by type of asset. The classification of assets in this publication follows that which is contained in the ABS publication Australian National Accounts, Financial Accounts (cat. no. 5232.0). Definitions of the various types of financial instruments are given in the glossary on the ABS website.
10 Providers of managed funds statistics are requested to report assets at their market value.
11 Movements between periods in the levels of assets of managed funds institutions reflect three key components: transactions in particular assets, valuation changes arising from price changes in the assets, and occasionally reclassifications between institution types.
SUPERANNUATION (PENSION) FUNDS
12 From June quarter 1995 until the December quarter 2004, the ABS conducted a quarterly "Survey of Superannuation Funds". This survey was used by the APRA to compile "Superannuation Trends" and by the ABS to compile superannuation fund data in Managed Funds, Australia (cat. no. 5655.0).
13 Prior to December 2004, the ABS estimated asset detail for some superannuation funds using quarterly information from funds with total assets over $60m. From December 2004, the type of assets held by superannuation funds has been refined by the introduction of a range of compilation methods, depending on the size of the superannuation fund. Where possible, quarterly asset details provided by the superannuation fund itself is the basis of the compilation; otherwise, its annual asset detail is the basis of the compilation.
14 From December quarter 2004, this data source was replaced by a new quarterly data collection conducted by APRA for superannuation funds with assets greater than $50m, supplemented by estimates for other APRA regulated funds and estimates of self-managed funds regulated by the ATO.
METHOD OF CONSOLIDATION
15 Estimates of the consolidated assets of managed funds are derived by eliminating any cross-investment that takes place between the various types of institutions. For example, investments by superannuation funds in public unit trusts are excluded from the assets of superannuation funds in a consolidated presentation. However it is not possible to apportion cross-investment at the level of detail presented in the unconsolidated tables.
16 Time series electronic spreadsheets for the tables in this publication are available free on the ABS website <http://www.abs.gov.au> from the "Downloads" tab of this Issue <http://www.abs.gov.au/ausstats/abs@.nsf/mf/5655.0>.
17 Users may wish to refer to other related materials available on the ABS website, <http://www.abs.gov.au> under "Topics @ a Glance" by selecting "Economy", then "Finance", then "Finance Releases".
18 Users of statistics relating to the managed funds industry in Australia may also be interested in the following ABS releases:
19 Users may also wish to refer to the APRA website, for Life Insurance and Friendly Societies <http://www.apra.gov.au/lifs/Pages/default.aspx> and APRA regulated Superannuation funds <http://www.apra.gov.au/Super/Pages/default.aspx>, and the ATO website page for ATO regulated self-managed superannuation funds <http://www.ato.gov.au/Super/Self-managed-super-funds/>
These documents will be presented in a new window.
This page last updated 28 May 2014