Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5655.0 - Managed Funds, Australia, December 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/02/2012   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

ANALYSIS


MANAGED FUNDS INDUSTRY

At 31 December 2011 the managed funds industry had $1,782.1b funds under management, an increase of $4.6b (0%) from the September quarter 2011 figure of $1,777.5b. This increase was primarily driven by valuation changes. Increases were recorded in the consolidated assets of managed funds institutions, $9.1b (1%). Decreases were recorded in funds managed by Australian investment managers on behalf of Australian entities other than managed funds institutions, $3.4b (1%); and in funds managed by Australian investment managers on behalf of overseas investors, $1.4b (2%).

The following diagram shows the values of the Total Managed Funds Industry at 31 December 2011 and the relationships between the components of this industry.

Diagram: Managed funds industry


MANAGED FUNDS INSTITUTIONS

Consolidated assets of managed funds institutions

As at 31 December 2011 the consolidated assets of managed funds institutions was $1,410.6b, an increase of $9.1b (1%) on the September quarter 2011 figure of $1,401.5b.

Total Consolidated Assets
Graph: Total Consolidated Assets



Consolidated assets by types of asset

The asset types to increase during the quarter were shares, $4.1b (1%); land, buildings and equipment, $2.4b (1%); overseas assets, $2.3b (1%); deposits, $1.8b (1%); and derivatives, $0.03b (2%). These were partially offset by decreases in; bonds, etc., $1.2b (2%); and other non-financial assets, $0.8b (4%). Short term securities; loans and placements; units in trusts; and other financial assets were flat.

The following chart shows the level at 31 December 2011 of the asset types of managed funds institutions.

Managed funds institutions assets
Graph: Managed funds institutions assets



UNCONSOLIDATED ASSETS

Life insurance corporations

At 31 December 2011, total unconsolidated assets of life insurance corporations were $227.6b, a decrease of $0.4b (0%) on the September quarter 2011 figure of $227.9b.

The major decreases were in Short term securities, $1.0b (12%), unlisted shares, $0.9b (12%), assets overseas, $0.7b (5%) and listed shares, $0.2b (2%).

These were partially offset by increases in units in trusts, $1.6b (1%); bonds, $0.5b (3%) and other financial assets, $0.2b (6%).

Cross investment within life insurance corporations was $2.0b, a decrease $0.6b (22%) over the previous quarter.

Net policy liabilities increased $1.8b (1%) to $196.4b; while and other liabilities decreased by $1.1b (13%) and share capital and reserves decreased by $1.0b (5%).

Life Insurance Corporations
Graph: Life Insurance Corporations



Superannuation (pension) funds

At 31 December 2011, total unconsolidated assets of superannuation funds were $1,257.6b, an increase of $15.9b (1%) on the September quarter 2011 figure of $1,241.7b.

The increases were in shares, $5.7b (2%); assets overseas, $5.1b (3%); deposits, $3.1b (2%); units in trusts, $2.5b (2%); land, buildings and equipment, $1.5b (2%) and net equity of pension funds in life office reserves, $1.3b (1%).

These were partially offset by decreases in other financial assets, $1.7b (8%); bonds, $1.5b (3%); derivatives, $0.2b (2%) and short term securities, $0.2b (0%).

Superannuation (Pension) funds
Graph: Superannuation (Pension) funds



Public offer (retail) unit trusts

As at 31 December 2011, total unconsolidated assets of public offer (retail) unit trusts were $263.3b, a decrease of $9.1b (3%) on the September quarter 2011 of $272.3b.

The largest decreases were in units in trusts, $6.7b (10%); assets overseas, $2.1b (6%) and shares, $1.1b (4%).

These were partially offset by an increase in other financial assets, $1.1b (13%).

Cross investment within public offer (retail) unit trusts was $28.1b, down $5.1b (15%) on the previous quarter.

Investor funds decreased $8.7b (4%) to $201.2b; loans and placements decreased $1.3b (4%) to $31.8b; while debt securities issued increased $1.0b (15%) to $7.9b.

Public Offer Unit Trusts
Graph: Public Offer Unit Trusts



Friendly societies

At 31 December 2011, total unconsolidated assets of friendly societies were $6.1b, a decrease of $0.05b (1%) on the previous quarter.

Friendly societies
Graph: Friendly societies



Common funds

At 31 December 2011, total unconsolidated assets of common funds were $8.0b, down $0.1b (1%) on the previous quarter.

Common funds
Graph: Common funds



Cash management trusts

At 31 December 2011, the total unconsolidated assets of cash management trusts were $23.7b, an increase of $0.4b (2%) on the September quarter 2011 figure of $23.3b.

The major increases were bank certificates of deposit, $2.3b (24%); and bills of exchange accepted by banks, $0.3b (24%). These were partially offset by decreases in deposits accepted by banks, $1.5b (30%); and commercial paper issued by other financial corporations, $0.7b (32%).

Cross investment within cash management trusts was $1.4b at 31 December 2011, up $0.1b (6%) on the previous quarter. Investor funds increased $0.4b (2%) to $23.7b.

Cash management trusts
Graph: Cash management trusts



RESIDENT INVESTMENT MANAGERS

Source of funds under management

At 31 December 2011 total funds under management was $1,188.2b, a decrease of $4.4b (0%) on the September quarter 2011 figure of $1,192.6b.

At 31 December 2011, the value of funds under management on behalf of managed funds institutions was $809.6b, an increase of $0.5b (0%) on the September quarter 2011 figure of $809.2b. An increase was recorded in the value of superannuation funds, $3.7b (1%). These were partially offset by decreases in funds under management on behalf of public offer (retail) unit trusts, $2.1b (2%) and life insurance corporations, $1.1b (1%).

At 31 December 2011, the value of funds under management on behalf of sources other than managed funds was $317.4b, a decrease of $3.4b (1%) on the September quarter 2011 figure of $320.8b. Decreases were recorded in funds under management on behalf of wholesale financial trusts, $4.0b (3%); national government, $1.9b (4%); other investment managers, $0.4b (5%); non-government trading corporations, $0.3b (1%); other sources, $0.2b (1%); and government compensation schemes $0.1 (2%). These were partially offset by an increase in funds under management on behalf of general insurance, $3.1b (9%); and state and local government, $0.3b (1%).

The value of funds under management on behalf of overseas sources at 31 December 2011 was $61.2b, a decrease of $1.4b (2%) on the September quarter 2011 figure of $62.6b.

Assets of managed funds, at 31 December 2011

Assets invested through resident investment managers
Assets invested directly
Unconsolidated assets of managed funds
$m
$m
$m

Life insurance corporations
161 777
65 786
227 563
Superannuation funds
509 763
747 793
1 257 557
Public offer unit trusts
113 931
149 341
263 272
Friendly societies
1 150
4 984
6 134
Common funds
6 743
1 287
8 030
Cash management trusts
16 264
7 473
23 737
Total
809 628
976 664
1 786 293




Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.