5655.0 - Managed Funds, Australia, Jun 2010
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 26/08/2010
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ANALYSIS By type of asset The asset types to decrease during the quarter were equities and units in trusts, $35.4b (7%); assets overseas, $6.5b (3%); loans and placements, $0.7b (2%); and land and buildings, $0.2b (0.1%). These were offset by increases in cash and deposits, $11.5b (7%); long term securities, $2.5b (3%); short term securities, $0.6b (1%); and other assets, $3.7b (7%). Cross investment The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 June 2010.
UNCONSOLIDATED ASSETS Life insurance offices At 30 June 2010, total unconsolidated assets of life offices were $223.8b, a decrease of $7.9b (3%) on the March quarter 2010 figure of $231.7b. The major decreases were in equities and units in trusts, $8.8b (5%), assets overseas, $0.6b (5%), loans and placements, $0.4b (18%) and long term securities, $0.3b (1%). These were partially offset by increases in cash and deposits, $1.5b (19%) and short term securities, $0.7b (11%). Superannuation funds At 30 June 2010 total unconsolidated assets of superannuation funds held outside life offices was $1,034.6, a decrease of $20.6b (2%) on the March quarter 2010 figure of $1,055.2b. Decreases were recorded for equities and units in trusts, $31.1b (6%) and assets overseas, $4.8b (3%). These were partially offset by increases in cash and deposits, $6.2b (4%); long term securities, $2.9b (5%); and other financial assets, $4.3b (15%). Public unit trusts At 30 June 2010, total unconsolidated assets for public unit trusts was $295.4b, a decrease of $5.8b (2%) on the March quarter 2009 figure of $301.2b. The major decreases were in equities and units in trusts, $3.2b (3%); overseas assets, $1.2b (2%); and land and buildings, $1.0b (1%). These were offset by increases in cash and deposits, $0.2b (3%) and short term securities, $0.2b (2%). Friendly societies At 30 June 2010, total unconsolidated assets of friendly societies were $6.7b, down $0.1b (1%) on the March quarter 2010 figure of $6.8b. The main decrease was in equities and units in trusts, down $0.1b (3%). Common funds At 30 June 2010, total unconsolidated assets of common funds were $7.6b, down $0.2b (1%) on the March quarter 2010 figure of $7.8b. The main movement was a decrease in cash and deposits of $0.1b (6%). Cash management trusts At 30 June 2010, the total unconsolidated assets of cash management trusts were $35.5b, down $0.3b (1%) on the March quarter 2010 figure of $35.8b. The major decrease was in short term securities, $1.1b (4%). This was offset by an increase in cash and deposits of $1.0b (20%). INVESTMENT MANAGERS Source of funds under management As at 30 June 2010 total funds under management was $1,119.9b, a decrease of $34.2b (3%) on the March quarter 2010 figure of $1,154.0b. The value of funds under management on behalf of superannuation funds decreased $14.6b (3%); public unit trusts decreased $5.0b (4%); and life insurance offices decreased $3.0b (0.2%). There were small decreases for friendly societies, common funds and cash management trusts. At 30 June 2010, the value of funds under management on behalf of sources other than managed funds was $309.8b, a decrease of $12.0b (4%) on the March quarter 2010 figure of $321.8b. The largest decreases were in funds under management on behalf of government, $5.8b (6%); other trusts, $2.4b (2%); and from other sources, $1.7b (4%). The value of funds under management on behalf of overseas sources at 30 June 2010 was $52.7b, an increase of $0.6b (1%) on the March quarter 2010 figure of $52.2b. Document Selection These documents will be presented in a new window.
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