5655.0 - Managed Funds, Australia, June 2016  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 25/08/2016   
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JUNE KEY FIGURES

Mar Qtr 2016
Jun Qtr 2016
$m
$m

Total managed funds industry
2 646 695
2 721 601
Consolidated assets total managed funds institutions
2 077 984
2 143 685
Cross invested assets between managed funds institutions
537 774
546 493
Unconsolidated assets total managed funds institutions
2 615 758
2 690 178
Life insurance corporations
292 008
291 407
Superannuation (pension) funds
1 958 992
2 031 354
Public offer (retail) unit trusts
314 395
317 085
All other managed funds institutions
50 363
50 332


Managed Funds
Graph: Managed Funds

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




JUNE KEY POINTS


TOTAL MANAGED FUNDS INDUSTRY
  • At 30 June 2016, the managed funds industry had $2,721.6b funds under management, an increase of $74.9b (3%) on the March quarter 2016 figure of $2,646.7b.
  • The main valuation effects that occurred during the June quarter 2016 were as follows: the S&P/ASX 200 increased 3.0%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 0.3%; and the A$ depreciated 3.0% against the US$.


CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
  • At 30 June 2016, the consolidated assets of managed funds institutions were $2,143.7b, an increase of $65.7b (3%) on the March quarter 2016 figure of $2,078.0b.
  • The asset types that increased were shares, $26.6b (4%); overseas assets, $17.9b (4%); deposits, $7.4b (2%); other financial assets, $6.5b (19%); land, buildings and equipment, $5.1b (2%); bonds, etc., $3.8b (3%); short term securities, $3.0b (3%); and derivatives, $0.3b (10%). These were partially offset by decreases in units in trusts, $3.6b (2%); loans and placements, $0.9b (2%); and other non-financial assets, $0.3b (3%).


CROSS INVESTED ASSETS
  • At 30 June 2016, there were $546.5b of assets cross invested between managed funds institutions.


UNCONSOLIDATED ASSETS
  • At 30 June 2016, the unconsolidated assets of superannuation (pension) funds increased $72.4b (4%), public offer (retail) unit trusts increased $2.7b (1%), friendly societies increased $0.1b (2%), and common funds increased $0.1b (1%). Life insurance corporations decreased $0.6b (0%), and cash management trusts decreased $0.3b (1%).


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2016 24 November 2016
December 2016 23 February 2017
March 2017 25 May 2017
June 2017 31 August 2017



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 2015.
  • Table 4 Superannuation (pension) funds - revised back to the June quarter 2012.
  • Table 5 Public offer (retail) unit trusts - revised back to the September quarter 2014.
  • Table 6 Friendly Societies - no revisions.
  • Table 7 Common funds - revised back to the September quarter 2015.
  • Table 8 Cash management trusts - no revisions.
  • Table 9 Resident Investment Managers - revised back to the June quarter 2012.


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.