MARCH KEY FIGURES
Mar Qtr 2007
Dec Qtr 2007
Mar Qtr 2008
|CONSOLIDATED ASSETS |
|Superannuation funds |
|Public unit trusts |
|Life insurance offices(a) |
|All other managed funds |
1 240 655
1 352 424
1 270 889
|(a) Investments by superannuation funds which are held and administered by life insurance offices are included under life insurance offices. |
|Note: See note on consolidation in Explanatory Notes, paragraph 10. |
MARCH KEY POINTS
Type of institution
Type of asset
- At 31 March 2008, total consolidated assets of managed funds institutions was $1,270.9b, a decrease of $81.5b (6%) on the revised December quarter 2007 figure of $1,352.4b.
- Consolidated assets of superannuation funds decreased by $49.7b (6%); life insurance offices decreased by $17.1b (8%); and public unit trusts decreased by $15.3b (5%). Consolidated assets of cash management trusts increased by $0.7b (1%), while those of common funds and friendly societies remained virtually unchanged.
- Investment in equities and units in trusts decreased by $58.6b (10%) and assets overseas decreased by $22.9b (8%). Cash and deposits increased by $2.3b (2%), as did land and buildings by $2.3b (2%). During the March quarter 2008, the S&P/ASX 200 fell 15.5%, the price of foreign shares (represented by the US S&P 500) fell 9.9% and the A$ appreciated against the US$ by 4.13%.
- At 31 March 2008, investment managers had $1,179.4b in funds under management, down $84.2b (7%) on the revised December quarter 2007 figure of $1,263.6b. They managed $817.8b (64%) of the consolidated assets of managed funds institutions.
REVISIONS IN THIS ISSUE
|ISSUE (QUARTER) ||Release Date|
|June 2008 ||28 August 2008|
|September 2008 ||27 November 2008|
|December 2008 ||26 February 2009|
|March 2009 ||28 May 2009|
There have been revisions in some series as a result of quality assurance work undertaken with data providers and the receipt of revised administrative data. Specifically, superannuation data has been revised back to December 2004; life insurance offices data back to December 2004; public unit trust data back to March 2002; cash management trust, common fund and friendly society data back to December 2007; and investment manager data back to December 2004.
Discrepancies may occur between sums of the component items and totals due to rounding.
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.