5655.0 - Managed Funds, Australia, Dec 2016  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 09/03/2017   
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DECEMBER KEY FIGURES

Sep Qtr 2016
Dec Qtr 2016
$m
$m

Total managed funds industry
2 780 361
2 841 800
Consolidated assets total managed funds institutions
2 188 683
2 237 851
Cross invested assets between managed funds institutions
491 037
498 304
Unconsolidated assets total managed funds institutions
2 679 720
2 736 156
Life insurance corporations
225 325
227 716
Superannuation (pension) funds
2 083 328
2 137 588
Public offer (retail) unit trusts
318 554
318 806
All other managed funds institutions
52 512
52 045


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 2016, the managed funds industry had $2,841.8b funds under management, an increase of $61.4b (2%) on the September quarter 2016 figure of $2,780.4b.
  • The main valuation effects that occurred during the December quarter 2016 were as follows: the S&P/ASX 200 increased 4.2%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 1.5%; and the A$ depreciated 5.2% against the US$.


CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
  • At 31 December 2016, the consolidated assets of managed funds institutions were $2,237.9b, an increase of $49.2b (2%) on the September quarter 2016 figure of $2,188.7b.
  • The asset types that increased were shares, $22.9b (3%); overseas assets, $19.4b (4%); land, buildings and equipment, $1.9b (1%); units in trusts, $1.9b (1%); short term securities, $1.8b (1%); deposits, $1.6b (1%); bonds, etc., $1.3b (1%) and other non-financial assets, $0.7b (6%). These were partially offset by decreases in other financial assets, $2.0b (6%) and loans and placements, $0.4b (1%). Derivatives were flat.


CROSS INVESTED ASSETS
  • At 31 December 2016, there were $498.3b of assets cross invested between managed funds institutions.


UNCONSOLIDATED ASSETS
  • At 31 December 2016, the unconsolidated assets of superannuation (pension) funds increased $54.3b (3%), life insurance corporations increased $2.4b (1%), public offer (retail) unit trusts increased $0.3b (0%) and common funds increased $0.2b (2%). Cash management trusts decreased $0.6b (2%). Friendly societies were flat.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2017 8 June 2017
June 2017 7 September 2017
September 2017 30 November 2017
December 2017 8 March 2018



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 September quarter 2016.
  • Table 4 Superannuation (pension) funds - revised back to the December quarter 2014.
  • Table 5 Public offer (retail) unit trusts - revised back to the September quarter 2016.
  • Table 6 Friendly Societies - no revisions.
  • Table 7 Common funds - revised back to the September quarter 2005.
  • Table 8 Cash management trusts - no revisions.
  • Table 9 Resident Investment Managers - revised back to the December 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.


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INQUIRIES

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