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5655.0 - Managed Funds, Australia, Jun 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 30/08/2007   
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ANALYSIS


CONSOLIDATED ASSETS

By type of institution

At 30 June 2007, consolidated assets of superannuation funds were $780.7b, up $59.0b (8.2%) on the revised March 2007 figure. Consolidated assets of public unit trusts increased by $11.6b (4.5%). Consolidated assets of life insurance offices increased by $7.7b (3.6%), cash management trusts increased by $5.9b (14.5%), common funds increased by $1.0b (9.6%) and the assets of friendly societies increased $0.2b (4.6%) on the March quarter figures.

Graph: Life insurance offices



By type of asset

The asset movements for the quarter were equities and units in trusts, up $27.2b (5.3%), cash and deposits, up $20.0b (18.8%), assets overseas, up $14.8b (5.6%), other assets, up $8.1b (22.4%), land and buildings, up $5.8b (4.4%), short-term securities, up $4.6b (5.2%), loans and placements, up $3.5b (13.1%) and long term securities, up $1.4b (1.7%).



Cross investment

The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 June 2007.

Unconsolidated assets
Cross- invested assets
Consolidated assets
Type of fund
$m
$m
$m

Life insurance offices
263 740
39 193
224 546
Superannuation funds
933 400
152 665
780 735
Public unit trusts
300 648
33 668
266 980
Friendly societies
7 185
2 940
4 245
Common funds
12 093
672
11 421
Cash management trusts
46 745
-
46 745
Total
1 563 811
229 138
1 334 673

- nil or rounded to zero (including null cells)



UNCONSOLIDATED ASSETS

Life insurance offices

At 30 June 2007, the total assets of life insurance offices were $263.7b, an increase of $7.0b (2.7%) on the revised March 2007 figure of $256.7b. Increases were recorded in equities and units in trusts of $6.1b (3.3%), short term securities of $1.2b (10.7%), other financial assets of $0.8b (29.3%), other non-financial assets of $0.2b (27.2%), loans and placements of $0.1b (3.0%) and land and buildings of $0.1b (0.8%). Partially offsetting this were decreases in assets overseas of $1.1b (-7.6%) and long term securities of $0.4b (-1.4%).

Graph: Unconsolidated assets, Life insurance offices



Superannuation funds

The total assets of superannuation funds held outside of life offices was $933.4b at 30 June 2007, an increase of $72.0b (8.4%) on the revised March quarter 2007 figure. Major increases were recorded for equities and units in trusts of $30.1b (7.2%), cash and deposits of $19.8b (20.2%), assets overseas of $12.6b (6.4%), other financial assets of $5.2b (35.5%), land and buildings of $2.6b (6.2%), long term securities of $0.8b (1.5%), short term securities of $0.7b (2.0%) and loans and placements of $0.3b (4.2%).

Graph: Unconsolidated assets, Superannuation funds



Public unit trusts

The total assets for public unit trusts was $300.6b at 30 June 2007, up $12.8b (4.4%) on the revised March 2007 figure of $287.9b. The major increases were assets overseas, up $3.3b (6.2%), land and buildings, up $3.1b (4.0%), other financial assets, up $3.1b (64.4%), loans and placements, up $2.9b (27.1%), equities and units in trusts, up $1.4b (1.3%) and cash and deposits, up $0.2b (2.3%). These were partially offset by a decrease in other non-financial assets of $1.2b (-7.6%).

Graph: Unconsolidated assets, Public unit trusts



Friendly societies

Total assets of friendly societies was $7.2b at 30 June 2007, up $0.2b (3.2%) on the March quarter 2007 figure. Increases were recorded in other financial assets of $0.2b (37.3%) and other non-financial assets of $0.1b (34.2%).

Graph: Unconsolidated assets, Friendly societies



Common funds

Total assets of common funds was $12.1b at 30 June 2007, up $0.9b (8.5%) on the March quarter 2007 figure. The major increases were in cash and deposits, up $0.9b (34.3%) and loans and placements, up $0.2b (8.0%). These were partially offset by a decrease in short term securities of $0.1b (-1.8%).

Graph: Unconsolidated assets, Common funds



Cash management trusts

Total assets of Cash management trusts was $46.7b at 30 June, up $5.9b (14.5%) on the March quarter 2007 figure. Major increases were recorded in short term securities of $2.7b (8.8%), cash and deposits of $2.3b (43.1%) and long term securities of $1.0b (39.2%).

Graph: Unconsolidated assets, Cash management trusts



INVESTMENT MANAGERS

Source of funds under management

During the June quarter 2007 there was an increase in total funds under management by investment managers of $62.6b (5.4%) on the revised March quarter figure, bringing the total funds under management to $1,226.0b.


The value of funds under management on behalf of superannuation funds increased by $30.2b (6.1%), public unit trusts increased by $3.4b (2.7%), life insurance offices increased by $2.7b (1.8%) and cash management trusts increased by $6.1b (17.0%).


During the quarter the value of funds under management on behalf of sources other than managed funds increased $16.7b (5.6%). Of this, the largest increases were in funds under management on behalf of other sources, up $8.8b (12.4%) and other trusts, up $8.3b (5.0%). These were partially offset by a decrease in Government, down $1.3b (-5.4%).


The value of funds under management on behalf of overseas sources was $59.6b, an increase of $3.6b (6.4%) on the revised March 2007 quarter figure.


The value of managed funds assets invested through investment managers was $852.1b at 30 June 2007, representing 63.8% of the consolidated assets of managed funds.

Graph: Investment Managers, Source of funds under management

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