Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
5655.0 - Managed Funds, Australia, June 2011  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 25/08/2011   
   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 2011 the managed funds industry had $1,824.3b funds under management, a decrease of $2.7b (0.1%) on the March quarter 2011 figure of $1,827.0b. This decrease was driven primarily by the decrease of $4.5b (1%) in funds managed by Australian investment managers on behalf of Australian entities other than managed funds institutions and by the decrease of $1.6b (0.1%) in the consolidated assets of managed funds institutions. This was partially offset by an increase of $1.1b (2%) in funds managed by Australian investment managers on behalf of overseas investors.

The following diagram shows the values of the Total Managed Funds Industry at 30 June 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 30 June 2011 the consolidated assets of managed funds institutions was $1,449.1b, a decrease of $1.6b (0.1%) on the March quarter 2011 figure of $1,450.7b.

Total Consolidated Assets
Graph: Total Consolidated Assets



Consolidated assets by types of asset

The asset types to decrease during the quarter were shares, $16.4b (4%); short term securities, $1.8b (2%); bonds etc, $1.2b (2%); overseas assets, $1.2b (1%); and loans and placements, $0.2b (1%). These were partially offset by increases in other financial assets, $7.8b (23%); deposits, $6.9b (4%); land, buildings and equipment, $2.6b (2%); units in trusts, $1.0b (1%); other non-financial assets, $0.7b (4%); and derivatives, $0.1b (6%).

The following chart shows the level at 30 June 2011 of the asset types of Managed Funds Institutions.

Managed funds institutions assets
Graph: Managed funds institutions assets



UNCONSOLIDATED ASSETS

Life insurance corporations

At 30 June 2011, total unconsolidated assets of life insurance corporations were $234.6b, a decrease of $4.9b (2%) on the March quarter 2011 figure of $239.4b. The major decreases were in unlisted shares, $2.1b (22%) and short term securities, $1.8b (20%). These were partially offset by increases in deposits, $0.9b (12%) and loans and placements, $0.5b (19%). Cross investment within life insurance corporations was $2.6b, a slight decrease over the previous quarter. Net policy liabilities decreased $1.6b (1%) to $204.0b; loans and placements decreased $1.8b (64%); other liabilities decreased $0.9b (13%) and debt securities issued decreased $0.4b (15%).

Life Insurance Corporations
Graph: Life Insurance Corporations



Superannuation (pension) funds

At 30 June 2011, total unconsolidated assets of superannuation funds were $1,299.4b, an increase of $2.2b (0.2%) on the March quarter 2011 figure of $1,297.3b. The major increases were in deposits, $7.4b (5%); other financial assets, $5.3b (32%); land, buildings and equipment, $2.9b (4%) and assets overseas, $0.7b (0.4%). These were partially offset by decreases in shares, $10.5b (3%); net equity of pension funds in life office reserves, $2.0b (1%); and units in trusts, $1.1b (1%).

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



Public offer (retail) unit trusts

At 30 June 2011, total unconsolidated assets of public offer (retail) unit trusts were $282.8b, a decrease of $4.4b (2%) on the March quarter 2011 figure of $287.2b. The largest decreases were in shares, $2.9b (8%); assets overseas, $1.7b (4%); loans and placements, $1.1b (6%); units in trusts, $1.1b (1%); and deposits, $0.8b (15%). These were partially offset by increases in other financial assets, $3.1b (52%); and other non-financial assets, $0.5b (8%). Cross investment within public offer (retail) unit trusts was $34.1b, down $1.2b (3%) on the previous quarter. Investor funds decreased $8.4b (4%) to $216.3b; debt securities issued decreased $3.8b (35%); and loan and placement liabilities increased $4.9b (16%).

Public Offer Unit Trusts
Graph: Public Offer Unit Trusts



Friendly societies

At 30 June 2011, total unconsolidated assets of friendly societies were $6.3b, down $0.1b (2%) on the previous quarter.

Friendly societies
Graph: Friendly societies



Common funds

At 30 June 2011, total unconsolidated assets of common funds were $8.2b, down $0.1b (1%) on the previous quarter.

Common funds
Graph: Common funds



Cash management trusts

At 30 June 2011, the total unconsolidated assets of cash management trusts were $24.2b, a decrease of $0.5b (2%) on the March quarter 2011 figure of $24.7b. The major decreases were in deposits, $0.6b (9%); bills of exchange, $0.4b (34%); and bank certificates of deposit, $0.4b (3%). These were partially offset by an increase in commercial paper issued by other financial corporations, $0.9b (63%). Cross investment within cash management trusts was up $0.1b (4%) from the previous quarter. Investor funds decreased by $0.5b (2%).

Cash management trusts
Graph: Cash management trusts



RESIDENT INVESTMENT MANAGERS

Source of funds under management

At 30 June 2011 total funds under management was $1,186.6b, an decrease of $12.8b (1%) on the March quarter 2011 figure of $1,199.4b.

The value of funds under management on behalf of Australian managed funds was $1,125.1b, a decrease of $13.9b on the March quarter 2011 figure of $1,139.0b. Superannuation funds decreased $6.0b (1%); public offer (retail) unit trusts decreased $3.7b (3%); cash management trusts decreased $0.3b (2%); and life insurance corporations increased $0.7b (1%).

At 30 June 2011, the value of funds under management on behalf of Australian sources other than managed funds was $325.4b, a decrease of $4.5b (1%) on the March quarter 2011 figure of $329.8b. The major decreases were in funds under management on behalf of general insurance, $2.3b (7%); other investment managers, $2.2b (19%); and wholesale financial trusts, $2.1b (2%). These were partially offset by an increase in funds under management on behalf of state and local government, $3.5b (9%).

The value of funds under management on behalf of overseas sources at 30 June 2011 was $61.5b, an increase of $1.1b (2%) on the March quarter 2011 figure of $60.3b.

Assets of managed funds, at 30 June 2011

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

Life insurance corporations
128 900
105 659
234 559
Superannuation funds
532 521
766 923
1 299 444
Public offer unit trusts
117 084
165 749
282 833
Friendly societies
1 107
5 146
6 253
Common funds
4 270
3 914
8 184
Cash management trusts
15 880
8 356
24 236
Total
799 762
1 055 747
1 855 510




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.