5655.0 - Managed Funds, Australia, Sep 2016  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 24/11/2016   
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SEPTEMBER KEY FIGURES

Jun Qtr 2016
Sep Qtr 2016
$m
$m

Total managed funds industry
2 715 453
2 774 471
Consolidated assets total managed funds institutions
2 137 537
2 182 793
Cross invested assets between managed funds institutions
545 417
490 021
Unconsolidated assets total managed funds institutions
2 682 954
2 672 813
Life insurance corporations
291 890
222 206
Superannuation (pension) funds
2 023 665
2 079 959
Public offer (retail) unit trusts
317 085
318 314
All other managed funds institutions
50 313
52 334


Managed Funds
Graph: Managed Funds

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




SEPTEMBER KEY POINTS


TOTAL MANAGED FUNDS INDUSTRY
  • At 30 September 2016, the managed funds industry had $2,774.5b funds under management, an increase of $59.0b (2%) on the June quarter 2016 figure of $2,715.5b.
  • The main valuation effects that occurred during the September quarter 2016 were as follows: the S&P/ASX 200 increased 3.9%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 4.3%; and the A$ appreciated 2.7% against the US$.


CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
  • At 30 September 2016, the consolidated assets of managed funds institutions were $2,182.8b, an increase of $45.3b (2%) on the June quarter 2016 figure of $2,137.5b.
  • The asset types that increased were shares, $46.2b (8%); overseas assets, $41.2b (10%); bonds, etc., $10.5b (9%); deposits, $8.8b (3%); short term securities, $6.5b (6%); land, buildings and equipment, $3.0b (1%) and loans and placements, $0.8b (2%). These were partially offset by decreases in units in trusts, $65.2b (29%); other financial assets, $5.9b (14%); other non-financial assets, $0.4b (4%) and derivatives, $0.3b (7%).


CROSS INVESTED ASSETS
  • At 30 September 2016, there were $490.0b of assets cross invested between managed funds institutions.


UNCONSOLIDATED ASSETS
  • At 30 September 2016, the unconsolidated assets of superannuation (pension) funds increased $56.3b (3%), cash management trusts increased $1.5b (4%), public offer (retail) unit trusts increased $1.2b (0%), friendly societies increased $0.3b (4%) and common funds increased $0.2b (2%). Life insurance corporations decreased $69.7b (24%).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2016 23 February 2017
March 2017 25 May 2017
June 2017 31 August 2017
September 2017 30 November 2017



SPECIAL NOTE

The ABS proposes to move the release date of Managed Funds from the December 2016 quarter onwards to align closer to the release of Australian National Accounts: Finance and Wealth (cat. no. 5232.0). Dependant on feedback, future release dates will be three weeks prior to the release of Australian National Accounts: Finance and Wealth, with the exception of September quarters which will be released two weeks prior. The proposed new date for the December 2016 quarter release is 9 March 2017. The ABS invites any feedback on this change to be sent to financial.statistics@abs.gov.au.


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 the June quarter 2016.
  • Table 4 Superannuation (pension) funds - revised back to the September quarter 2014.
  • Table 5 Public offer (retail) unit trusts - revised back to the June quarter 2010.
  • Table 6 Friendly Societies - no revisions.
  • Table 7 Common funds - no revisions.
  • Table 8 Cash management trusts - revised back to the June quarter 2016.
  • Table 9 Resident Investment Managers - revised back to the September quarter 2014.


SUPERANNUATION DATA

As the ABS has previously advised, the Australian Prudential Regulation Authority (APRA) introduced an enhanced set of reporting forms for Registrable Superannuation Entities (RSEs) from September quarter 2013. A number of data items provided from the new APRA collections significantly deviate from the previous ones, both in concept and definition. Where the impact on an affected series could not be estimated, the ABS has been moving forward the affected series using cautiously chosen indicators derived from other ABS collections that have a very strong historical correlation to these series. This methodology will continue to be applied until additional superannuation data collection requirements can be implemented by APRA which satisfy the conceptual and definitional requirements of the ABS. Users are advised to continue exercising caution when using superannuation data in this publication.


PRIVACY

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INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.