Australian Bureau of Statistics
5655.0 - Managed Funds, Australia, December 2011
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/02/2012
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8 Investment managers are generally life insurance offices, subsidiaries of 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 institution, classified by type of asset. The classification of assets in this publication follows that contained in the ABS publication Australian National Accounts, Financial Accounts (cat. no. 5232.0). Definitions of the various types of instruments are given in the glossary on the ABS web site.
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 the June quarter 1995 until the December quarter 2004, the ABS conducted a quarterly Survey of Superannuation Funds. This survey was used by the Australian Prudential Regulation Authority (APRA) to compile "Superannuation Trends" and by the ABS to compile superannuation fund data in Managed Funds, Australia (cat. no. 5655.0).
13 From the 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.
14 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.
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 funds. For example, investments by superannuation funds in public unit trusts are excluded from the assets of superannuation funds in a consolidated presentation. It is not possible, however, 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 web site <http://www.abs.gov.au> from the Downloads tab of this Issue. Users may wish to refer to material available on the ABS web site <http://www.abs.gov.au> select Economy under Topics @ a Glance then Finance, then Finance Releases.
17 Users of statistics relating to the managed funds industry in Australia may be interested in the following ABS releases:
18 Users may also wish to refer to the Australian Prudential Regulation Authority (APRA) web site, particularly APRA Super Trends <www.apra.gov.au/statistics>, and the Australian Taxation Office (ATO) web site page for self managed superannuation funds <<http://www.ato.gov.au/superfunds/pathway.asp?pc=001/149/030/004>>
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This page last updated 30 May 2012