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5655.0 - Managed Funds, Australia, Dec 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/02/2008   
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DECEMBER KEY FIGURES

Dec Qtr 2006
Sep Qtr 2007
Dec Qtr 2007
CONSOLIDATED ASSETS
$m
$m
$m

Superannuation funds
680 563
801 893
802 409
Public unit trusts
254 533
280 533
278 536
Life insurance offices(a)
205 966
224 424
220 764
All other managed funds
53 346
62 414
61 399
Total
1 194 409
1 369 265
1 363 108

(a) Investments by superannuation funds which are held and administered by life insurance offices are included under life insurance offices.
See note on consolidation in Explanatory Notes, paragraph 10.

Consolidated Assets, Type of Institution
Graph: Consolidated assets, Type of institution

, Type of asset
Graph: Consolidated assets, Type of asset



DECEMBER KEY POINTS


CONSOLIDATED ASSETS

  • Total consolidated assets of managed funds institutions were $1,361.6b at 31 December 2007, a decrease of $7.7b (1%) on the revised September quarter 2007 figure of $1,369.3b. This was the first fall since March 2003.
  • Consolidated assets of superannuation funds increased by $0.5b (0.1%), while life insurance offices decreased by $3.7b (2%), public unit trusts decreased by $3.5b (1%), cash management trusts decreased by $0.8b (2%), common funds decreased by $0.1b (1%), and friendly societies remained virtually unchanged.
  • Investment in equities and units in trusts decreased by $14.5b (2%) and cash and deposits decreased by $3.0b (3%) . Other decreases were recorded in land and buildings, down $1.8b (1%) and long-term securities, down $1.7b (2%). Increases occurred in assets overseas, up $12.0b (4%), and short term securities, up $1.2b (1%). During the December quarter 2007, the S&P/ASX 200 fell 3.5%, the price of foreign shares (represented by the US S&P 500) fell 3.8% and the A$ remained static against the US$.
  • Investment managers had $1,258.0b in funds under management at 31 December 2007, down $11.6b (1%) on the revised September quarter 2007 figure of $1,269.5b. They managed $874.8b (64%) of the consolidated assets of managed funds institutions.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2008 29 May 2008
June 2008 28 August 2008
September 2008 27 November 2008
December 2008 26 February 2009



REVISIONS IN THIS ISSUE

There have been significant revisions back to March 2006 to the superannuation fund data, as a result of a review of compilation methods used by the Australian Taxation Office in determining the estimates of self managed superannuation funds (SMSFs).


In addition there have been revisions in some series as a result of corrections to previous period data reported by surveyed funds and the receipt of revised administrative data. Specifically, investment managers data has been revised back to September 2004; cash management trusts data back to September 2006; public unit trusts data back to March 2007; and life insurance offices data back to June 2007.



ROUNDING

Discrepancies may occur between sums of the component items and totals due to rounding.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Judy Sykes on Canberra (02) 6252 5222.


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