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5655.0 - Managed Funds, Australia, Jun 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/08/2010   
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ANALYSIS


CONSOLIDATED ASSETS

By type of institution

At 30 June 2010, consolidated assets of superannuation funds were $872.2b, down $13.4b (2%) on the March 2010 figure. The consolidated assets of public unit trusts were $256.0b, a decrease of $6.3b (2%); the consolidated assets of life insurance offices were $177.3b, a decrease of $2.6b (2%); the consolidated assets of cash management trusts were $35.5b, a decrease of $0.3b (1%); and the consolidated assets of common funds were $6.6b, a decrease of $0.1b (2%). The consolidated assets of friendly societies remained virtually the same at $3.6b.

Graph: Life insurance offices


By type of asset

The asset types to decrease during the quarter were equities and units in trusts, $35.4b (7%); assets overseas, $6.5b (3%); loans and placements, $0.7b (2%); and land and buildings, $0.2b (0.1%). These were offset by increases in cash and deposits, $11.5b (7%); long term securities, $2.5b (3%); short term securities, $0.6b (1%); and other assets, $3.7b (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 2010.

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

Life insurance offices
223 806
46 457
177 349
Superannuation funds
1 034 599
162 404
872 195
Public unit trusts
295 395
39 428
255 968
Friendly societies
6 675
3 110
3 565
Common funds
7 636
997
6 639
Cash management trusts
35 532
-
35 532
Total
1 603 643
252 395
1 351 248

- nil or rounded to zero (including null cells)



UNCONSOLIDATED ASSETS

Life insurance offices

At 30 June 2010, total unconsolidated assets of life offices were $223.8b, a decrease of $7.9b (3%) on the March quarter 2010 figure of $231.7b. The major decreases were in equities and units in trusts, $8.8b (5%), assets overseas, $0.6b (5%), loans and placements, $0.4b (18%) and long term securities, $0.3b (1%). These were partially offset by increases in cash and deposits, $1.5b (19%) and short term securities, $0.7b (11%).

Graph: Unconsolidated assets, Life insurance offices


Superannuation funds

At 30 June 2010 total unconsolidated assets of superannuation funds held outside life offices was $1,034.6, a decrease of $20.6b (2%) on the March quarter 2010 figure of $1,055.2b. Decreases were recorded for equities and units in trusts, $31.1b (6%) and assets overseas, $4.8b (3%). These were partially offset by increases in cash and deposits, $6.2b (4%); long term securities, $2.9b (5%); and other financial assets, $4.3b (15%).

Graph: Unconsolidated assets, Superannuation funds


Public unit trusts

At 30 June 2010, total unconsolidated assets for public unit trusts was $295.4b, a decrease of $5.8b (2%) on the March quarter 2009 figure of $301.2b. The major decreases were in equities and units in trusts, $3.2b (3%); overseas assets, $1.2b (2%); and land and buildings, $1.0b (1%). These were offset by increases in cash and deposits, $0.2b (3%) and short term securities, $0.2b (2%).

Graph: Unconsolidated assets, Public unit trusts


Friendly societies

At 30 June 2010, total unconsolidated assets of friendly societies were $6.7b, down $0.1b (1%) on the March quarter 2010 figure of $6.8b. The main decrease was in equities and units in trusts, down $0.1b (3%).

Graph: Unconsolidated assets, Friendly societies


Common funds

At 30 June 2010, total unconsolidated assets of common funds were $7.6b, down $0.2b (1%) on the March quarter 2010 figure of $7.8b. The main movement was a decrease in cash and deposits of $0.1b (6%).

Graph: Common funds


Cash management trusts

At 30 June 2010, the total unconsolidated assets of cash management trusts were $35.5b, down $0.3b (1%) on the March quarter 2010 figure of $35.8b. The major decrease was in short term securities, $1.1b (4%). This was offset by an increase in cash and deposits of $1.0b (20%).


INVESTMENT MANAGERS

Source of funds under management

As at 30 June 2010 total funds under management was $1,119.9b, a decrease of $34.2b (3%) on the March quarter 2010 figure of $1,154.0b.

The value of funds under management on behalf of superannuation funds decreased $14.6b (3%); public unit trusts decreased $5.0b (4%); and life insurance offices decreased $3.0b (0.2%). There were small decreases for friendly societies, common funds and cash management trusts.

At 30 June 2010, the value of funds under management on behalf of sources other than managed funds was $309.8b, a decrease of $12.0b (4%) on the March quarter 2010 figure of $321.8b. The largest decreases were in funds under management on behalf of government, $5.8b (6%); other trusts, $2.4b (2%); and from other sources, $1.7b (4%).

The value of funds under management on behalf of overseas sources at 30 June 2010 was $52.7b, an increase of $0.6b (1%) on the March quarter 2010 figure of $52.2b.

Graph: Investment Managers, Source of funds under management


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