5655.0 - Managed Funds, Australia, Sep 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 26/11/2009
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ANALYSIS By type of asset The major asset movements for the quarter were equities and units in trusts, up $76.1b (18%); assets overseas, up $14.5b (7%); long term securities, up $7.8b (11%); short term securities, down $1.4b (1%); land and buildings, up $0.8b (1%) and other assets, down $2.2b (4%). Cross investment The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 September 2009.
UNCONSOLIDATED ASSETS Life insurance offices At 30 September 2009, the total unconsolidated assets of life offices were $227.6b, an increase of $21.8b (11%) on the June quarter 2009 figure of $205.8b. The major increases were in equities and units in trust, up $21.7b (15%) and long term securities, up $2.9b (14%). Partially offsetting these were decreases in other non-financial assets, down $1.3b (29%) and short term securities, down $1.1b (13%). Superannuation funds The total unconsolidated assets of superannuation funds held outside life offices was $984.1b at 30 September 2009, an increase of $89.1b (10%) on the revised June quarter 2009 figure of $895.0b. Major increases were recorded in equities and units in trusts, up $68.0b (17%); assets overseas, up $14.2b (10%); long term securities, up $5.2b (11%); land and buildings, up $1.7b (3%); and loans and placements, up $0.8b (9%). This was offset by a decrease in other financial assets, down $1.8b (6%). Public unit trusts As at 30 September 2009, total unconsolidated assets for public unit trusts was $286.7b, an increase of $10.3b (4%) on the June quarter 2009 figure of $276.4b. This was primarily driven by a strong increase in equities and units in trusts, up $10.6b (13%). Other non-financial assets and short term securities also increased, up $0.6b (6%) and $0.1b (1%) respectively. These rises were offset by decreases in land and buildings, down $0.8b (1%) and loans and placements, down $0.5b (2%). Friendly societies At 30 September 2009, total unconsolidated assets of friendly societies were $6.8b, up $0.3b (4%) on the June quarter 2009 figure of $6.5b. The main increases were in equities and units in trust, up $0.4b (16%) and short term securities, up $0.1b (8%). Common funds At 30 September 2009, the total unconsolidated assets of common funds were $8.0b, up $0.3b (4%) on the June quarter 2009 figure of $7.7b. The main increases were in cash and deposits, up $0.1b (7%), short term securities, up $0.1b (12%) and loans and placements, up $0.1b (4%). Cash management trusts At 30 September 2009, the total unconsolidated assets of cash management trusts were $42.2b, down $1.6b (4%) on the June quarter 2009 figure of $43.8b. The major decreases were in short term securities, down $1.0b (3%) and loans and placements, down $0.7b (36%). INVESTMENT MANAGERS Source of funds under management During the September quarter 2009 there was an increase in total funds under management by investment managers of $84.8b (8%) on the revised June quarter 2009 figure of $1,024.6b, bringing the total funds under management to $1,109.4b. The value of funds under management on behalf of superannuation funds increased by $45.4b (11%); public unit trusts increased by $10.9b (10%); and life insurance offices increased by $2.4b (2%). At 30 September 2009, the value of funds under management on behalf of sources other than managed funds was $308.2b, an increase of $19.5b (7%) on the revised June quarter 2009 figure of $288.8b. The largest increases were in funds under management on behalf of other trusts, up $15.3b (14%) and government, up $4.3b (4%). These were offset by a decrease in other investment managers, down $1.4b (11%). The value of funds under management on behalf of overseas sources at 30 September 2009 was $52.2b, an increase of $7.8b (18%) on the revised June quarter 2009 figure of $44.4b. Document Selection These documents will be presented in a new window.
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