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5655.0 - Managed Funds, Australia, Sep 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/11/2009   
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ANALYSIS


CONSOLIDATED ASSETS

By type of institution

At 30 September 2009, consolidated assets of superannuation funds were $814.4b, up $73.0b (10%) on the revised June 2009 figure. Consolidated assets of life insurance offices were $178.1b, an increase of $15.4b (9%); the consolidated assets of public unit trusts were $257.7b, an increase of $8.5b (3%); the consolidated assets of common funds were $7.0b, an increase of $0.2b (3%); the consolidated assets of cash management trusts were $42.2b, a decrease of $1.6b (4%); and consolidated assets of friendly societies fell marginally.

Graph: Life insurance offices


By type of asset

The major asset movements for the quarter were equities and units in trusts, up $76.1b (18%); assets overseas, up $14.5b (7%); long term securities, up $7.8b (11%); short term securities, down $1.4b (1%); land and buildings, up $0.8b (1%) and other assets, down $2.2b (4%).


Cross investment

The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 September 2009.

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

Life insurance offices
227 560
49 473
178 087
Superannuation funds
984 145
169 742
814 403
Public unit trusts
286 730
29 050
257 681
Friendly societies
6 768
2 743
4 025
Common funds
7 999
1 010
6 989
Cash management trusts
42 177
-
42 177
Total
1 555 379
252 018
1 303 362

- nil or rounded to zero (including null cells)



UNCONSOLIDATED ASSETS

Life insurance offices

At 30 September 2009, the total unconsolidated assets of life offices were $227.6b, an increase of $21.8b (11%) on the June quarter 2009 figure of $205.8b. The major increases were in equities and units in trust, up $21.7b (15%) and long term securities, up $2.9b (14%). Partially offsetting these were decreases in other non-financial assets, down $1.3b (29%) and short term securities, down $1.1b (13%).

Graph: Unconsolidated assets, Life insurance offices


Superannuation funds

The total unconsolidated assets of superannuation funds held outside life offices was $984.1b at 30 September 2009, an increase of $89.1b (10%) on the revised June quarter 2009 figure of $895.0b. Major increases were recorded in equities and units in trusts, up $68.0b (17%); assets overseas, up $14.2b (10%); long term securities, up $5.2b (11%); land and buildings, up $1.7b (3%); and loans and placements, up $0.8b (9%). This was offset by a decrease in other financial assets, down $1.8b (6%).

Graph: Unconsolidated assets, Superannuation funds


Public unit trusts

As at 30 September 2009, total unconsolidated assets for public unit trusts was $286.7b, an increase of $10.3b (4%) on the June quarter 2009 figure of $276.4b. This was primarily driven by a strong increase in equities and units in trusts, up $10.6b (13%). Other non-financial assets and short term securities also increased, up $0.6b (6%) and $0.1b (1%) respectively. These rises were offset by decreases in land and buildings, down $0.8b (1%) and loans and placements, down $0.5b (2%).

Graph: Unconsolidated assets, Public unit trusts


Friendly societies

At 30 September 2009, total unconsolidated assets of friendly societies were $6.8b, up $0.3b (4%) on the June quarter 2009 figure of $6.5b. The main increases were in equities and units in trust, up $0.4b (16%) and short term securities, up $0.1b (8%).

Graph: Unconsolidated assets, Friendly societies


Common funds

At 30 September 2009, the total unconsolidated assets of common funds were $8.0b, up $0.3b (4%) on the June quarter 2009 figure of $7.7b. The main increases were in cash and deposits, up $0.1b (7%), short term securities, up $0.1b (12%) and loans and placements, up $0.1b (4%).

Graph: Common funds


Cash management trusts

At 30 September 2009, the total unconsolidated assets of cash management trusts were $42.2b, down $1.6b (4%) on the June quarter 2009 figure of $43.8b. The major decreases were in short term securities, down $1.0b (3%) and loans and placements, down $0.7b (36%).


INVESTMENT MANAGERS

Source of funds under management

During the September quarter 2009 there was an increase in total funds under management by investment managers of $84.8b (8%) on the revised June quarter 2009 figure of $1,024.6b, bringing the total funds under management to $1,109.4b.

The value of funds under management on behalf of superannuation funds increased by $45.4b (11%); public unit trusts increased by $10.9b (10%); and life insurance offices increased by $2.4b (2%).

At 30 September 2009, the value of funds under management on behalf of sources other than managed funds was $308.2b, an increase of $19.5b (7%) on the revised June quarter 2009 figure of $288.8b. The largest increases were in funds under management on behalf of other trusts, up $15.3b (14%) and government, up $4.3b (4%). These were offset by a decrease in other investment managers, down $1.4b (11%).

The value of funds under management on behalf of overseas sources at 30 September 2009 was $52.2b, an increase of $7.8b (18%) on the revised June quarter 2009 figure of $44.4b.

Graph: Investment Managers, Source of funds under management


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