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5655.0 - Managed Funds, Australia, Dec 2013  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2014   
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DECEMBER KEY FIGURES

Sep Qtr 2013
Dec Qtr 2013
$m
$m

Total managed funds industry
2 213 285
2 287 374
Consolidated assets total managed funds institutions
1 764 865
1 821 407
Cross invested assets between managed funds institutions
460 124
468 838
Unconsolidated assets total managed funds institutions
2 224 989
2 290 245
Life insurance corporations
265 843
273 690
Superannuation (pension) funds
1 641 860
1 702 027
Public offer (retail) unit trusts
279 084
277 858
All other managed funds institutions
38 202
36 671


Managed Funds
Graph: Managed Funds

Unconsolidated Assets, by type of institution
Graph: Unconsolidated Assets, by type of institution




DECEMBER KEY POINTS


TOTAL MANAGED FUNDS INDUSTRY
  • At 31 December 2013, the managed funds industry had $2,287.4b funds under management, an increase of $74.1b (3%) on the September quarter 2013 figure of $2,213.3b.
  • The main valuation effects that occurred during the December quarter 2013 were as follows: the S&P/ASX 200 increased 2.5%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 7.9%; and the A$ depreciated 3.9% against the US$.


CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
  • At 31 December 2013, the consolidated assets of managed funds institutions were $1,821.4b, an increase of $56.5b (3%) on the September quarter 2013 figure of $1,764.9b.
  • The asset types that increased were overseas assets, $26.8b (8%); shares, $14.8b (3%); short term securities, $8.9b (8%); units in trusts, $6.3b (3%); land, buildings and equipment, $2.6b (1%); deposits, $2.2b (1%); bonds, etc., $2.1b (2%); loans and placements, $0.4b (1%) and other financial assets, $0.1b (0%). These were partially offset by decreases in other non-financial assets, $7.3b (39%) and derivatives, $0.3b (25%).


CROSS INVESTED ASSETS
  • At 31 December 2013, there were $468.8b of assets cross invested between managed funds institutions.


UNCONSOLIDATED ASSETS
  • At 31 December 2013, the unconsolidated assets of superannuation (pension) funds increased $60.2b (4%), and life insurance corporations increased $7.8b (3%). Cash management trusts decreased $1.5b (6%), and public offer (retail) unit trusts decreased $1.2b (0%). Friendly societies and common funds were flat.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2014 29 May 2014
June 2014 28 August 2014
September 2014 27 November 2014
December 2014 26 February 2015



REVISIONS

There have been revisions as a result of the receipt of revised administrative data, survey data and due to the inclusion of new survey respondents.
  • Table 3 Life insurance corporations - revised back to June quarter 2013.
  • Table 4 Superannuation (pension) funds - revised back to June quarter 2008.
  • Table 5 Public offer (retail) unit trusts - revised back to December quarter 2010.
  • Table 6 Friendly societies - revised for September quarter 2013 only.
  • Table 7 Common funds - no revisions.
  • Table 8 Cash management trusts - revised back to December quarter 2012.
  • Table 9 Resident investment managers - revised back to June quarter 2008.


SIGNIFICANT EVENTS

Under Stronger Super initiatives, the Australian Prudential Regulation Authority (APRA) introduced an enhanced set of reporting forms for Registrable Superannuation Entities (RSEs) effective from 1 July 2013. It also concurrently revoked some of the previous statistical forms that the ABS used in the compilation of superannuation data in the Managed Funds publication. Data items available from the new APRA collections significantly deviate from the previous ones both conceptually and definitionally. The ABS has managed, through the quality assurance process coordinated by APRA, to isolate and quantify the resultant impacts on affected series and incorporate them into the editing process. When it was not possible to quantify the impact, in order to move forward a few affected series the ABS has cautiously chosen indicators derived from other ABS collections that have a very strong historical correlation to these series. This methodology will also be applied in the next three issues of Managed Funds publication. Users are advised to exercise caution when using superannuation data in this publication.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Joan Zhang on Sydney (02) 9268 4812.


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Commonwealth of Australia 2014

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