5655.0 - Managed Funds, Australia, Jun 2013  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 29/08/2013   
   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 30 June 2013, the managed funds industry had $2,130.4b funds under management, an increase of $33.3b (2%) on the March quarter 2013 figure of $2,097.0b. Increases were recorded in consolidated assets of managed funds institutions, $31.3b (2%); funds managed by Australian investment managers on behalf of Australian entities other than managed funds institutions, $1.2b (0%); and funds managed by Australian investment managers on behalf of overseas investors, $0.8b (1%).

The following diagram shows the values of the Total Managed Funds Industry at 30 June 2013 and the relationships between the components of this industry:

Diagram: Managed funds industry


MANAGED FUNDS INSTITUTIONS

Consolidated assets of managed funds institutions

At 30 June 2013, the consolidated assets of managed funds institutions were $1,698.9b, an increase of $31.3b (2%) on the March quarter 2013 figure of $1,667.7b.

Total Consolidated Assets
Graph: Total Consolidated Assets



Consolidated assets by types of asset

The asset types that increased were overseas assets, $20.9b (7%); deposits, $7.6b (3%); other financial assets, $4.2b (14%); units in trusts, $3.6b (2%); land, buildings and equipment, $3.3b (2%); short term securities, $1.3b (1%); and derivatives, $0.3b (20%).

These were partially offset by decreases in shares, $8.7b (2%); other non-financial assets, $0.6b (3%); and loans and placements, $0.6b (2%). Bonds, etc. were flat.

The following chart shows the levels of the asset types of managed funds institutions at 30 June 2013.

Managed Funds Institutions Assets
Graph: Managed funds institutions assets



UNCONSOLIDATED ASSETS

Life insurance corporations

At 30 June 2013, total unconsolidated assets of life insurance corporations were $255.1b, an increase of $3.1b (1%) on the March quarter 2013 figure of $252.0b.

Increases were recorded in units in trusts, $4.6b (3%); deposits, $0.7b (6%); bonds, etc., $0.3b (1%); short term securities, $0.1b (3%); and derivatives, $0.1b (31%).

These were partially offset by decreases in assets overseas, $1.6b (9%); shares, $0.8b (4%); loans and placements, $0.2b (10%); other financial assets, $0.1b (3%); and other non-financial assets, $0.1b (2%). Land, buildings and equipment were flat.

Cross investment within life insurance corporations was $1.9b which was flat compared to the March quarter 2013.

Net policy liabilities was $218.3b, an increase of $2.9b (1%) on the previous quarter.

Life Insurance Corporations
Graph: Life Insurance Corporations



Superannuation (pension) funds

At 30 June 2013, total unconsolidated assets of superannuation (pension) funds were $1,562.3b, an increase of $31.5b (2%) on the March quarter 2013 figure of $1,530.8b.

Increases were recorded in assets overseas, $19.6b (8%); deposits, $7.2b (3%); short term securities, $3.1b (4%); other financial assets, $2.7b (15%); units in trusts, $2.2b (1%); net equity of pension funds in life office reserves, $2.1b (1%); land, buildings and equipment, $1.7b (2%); and loans and placements, $0.1b (1%).

These were partially offset by decreases in shares, $7.2b (2%); and bonds, etc., $0.1b (0%). Other non-financial assets and derivatives were flat.

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



Public offer (retail) unit trusts

At 30 June 2013, total unconsolidated assets of public offer (retail) unit trusts were $271.4b, an increase of $2.8b (1%) on the March quarter 2013 figure of $268.6b.

Increases were recorded in assets overseas, $2.8b (10%); land, buildings and equipment, $1.6b (2%); other financial assets, $1.0b (14%); short term securities, $0.2b (9%); derivatives, $0.2b (15%); other non-financial assets, $0.1b (1%); and bonds, etc., $0.1b (2%).

These were partially offset by decreases in units in trusts, $1.1b (2%); shares, $0.9b (3%); loans and placements, $0.8b (4%); and deposits, $0.4b (10%).

Cross investment within public offer (retail) unit trusts was $28.5b, a decrease of $0.7b (2%) compared to the March quarter 2013.

Public Offer Unit Trusts
Graph: Public Offer Unit Trusts



Friendly societies

At 30 June 2013, total unconsolidated assets of friendly societies were $6.0b which was flat compared to the March quarter 2013 figure.

Friendly Societies
Graph: Friendly societies



Common funds

At 30 June 2013, total unconsolidated assets of common funds were $7.7b, an increase of $0.1b (2%) on the March quarter 2013 figure of $7.6b.

Common Funds
Graph: Common funds



Cash management trusts

At 30 June 2013, total unconsolidated assets of cash management trusts were $25.8b, a decrease of $2.2b (8%) on the March quarter 2013 figure of $28.0b.

Decreases were recorded in short term securities, $1.3b (8%); equities, $0.5b (35%); deposits, $0.2b (2%); bonds, etc., $0.2b (15%). Derivatives, loans and placements, non-financial assets, and other financial assets were flat.

Cross investment within cash management trusts was $0.9b, a decrease of $0.5b (35%) compared to the March quarter 2013.

Cash Management Trusts
Graph: Cash management trusts



RESIDENT INVESTMENT MANAGERS

Source of funds under management

At 30 June 2013, total funds under management were $1,366.2b, an increase of $7.0b (1%) on the March quarter 2013 figure of $1,359.2b.

Funds under management on behalf of superannuation funds increased $8.1b (1%). Public offer (retail) unit trusts decreased $2.0b (2%); cash management trusts decreased $0.8b (5%); and life insurance corporations decreased $0.2b (0%). Common funds and friendly societies were flat.

At 30 June 2013, the value of funds under management on behalf of sources other than managed funds institutions was $366.6b, an increase of $1.2b (0%) on the March quarter 2013 figure of $365.4b.

Increases were recorded in funds under management on behalf of national government, $2.1b (4%); wholesale financial trusts, $0.4b (0%); and government compensation schemes, $0.1b (1%). These were partially offset by decreases in state and local government, $0.6b (1%); general insurance corporations, $0.6b (1%); other sources, $0.2b (1%); non-government trading corporations, $0.1b (0%); and other investment managers, $0.1b (1%). Charities were flat.

The value of funds under management on behalf of overseas sources at 30 June 2013 was $74.1b, an increase of $0.8b (1%) on the March quarter 2013 figure of $73.3b.

Assets of Managed Funds, at 30 June 2013

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

Life insurance corporations
160 865
94 241
255 106
Superannuation (pension) funds
629 356
932 964
1 562 320
Public offer (retail) unit trusts
113 486
157 917
271 403
Friendly societies
1 105
4 860
5 965
Common funds
4 037
3 662
7 699
Cash management trusts
16 707
9 076
25 783
Total
925 556
1 202 720
2 128 275