5655.0 - Managed Funds, Australia, Sep 2011
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 24/11/2011
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions As at 30 September 2011 the consolidated assets of managed funds institutions was $1,410.7b, a decrease of $45.0b (3%) on the June quarter 2011 figure of $1,455.7b. Consolidated assets by types of asset The asset types to decrease during the quarter were shares, $36.2b (8%); units in trusts, $20.3b (11%); other financial assets, $3.4b (9%); overseas assets, $1.6b (1%); and loans and placements, $0.6b (2%). These were partially offset by increases in deposits, $6.7b (4%); short term securities, $5.4b (7%); other non-financial assets, $2.9b (17%); land, buildings and equipment, $1.5b (1%); and bonds, etc., $0.6b (1%). Derivatives was flat. The following chart shows the level at 30 September 2011 of the asset types of managed funds institutions. UNCONSOLIDATED ASSETS Life insurance corporations At 30 September 2011, total unconsolidated assets of life insurance corporations were $227.1b, a decrease of $7.6b (3%) on the June quarter 2011 figure of $234.8b. The major decreases were in units in trusts, $10.3b (6%) and listed shares, $1.8b (13%). These were partially offset by increases in assets overseas, $1.7b (15%); short term securities, $1.2b (18%); and deposits accepted, $1.1b (13%). Cross investment within life insurance corporations was $2.6b, a slight decrease over the previous quarter. Net policy liabilities decreased $10.2b (5%) to $193.9b; while other liabilities increased by $2.2b (36%). Superannuation (pension) funds At 30 September 2011, total unconsolidated assets of superannuation funds were $1,246.9b, a decrease of $47.1b (4%) on the June quarter 2011 figure of $1,294.0b. The decreases were in shares, $30.0b (8%); units in trusts, $19.7b (12%); net equity of pension funds in life office reserves, $9.9b (6%); other financial assets, $0.4b (2%); and derivatives, $0.3b (2%). These were partially offset by increases in short term securities, $4.8b (9%); deposits, $4.2b (3%); land, buildings and equipment, $2.0b (3%); bonds, etc., $1.5b (3%); and loans and placements, $0.1b (1%). Public offer (retail) unit trusts As at 30 September 2011, total unconsolidated assets of public offer (retail) unit trusts were $272.2b, a decrease of $11.2b (4%) on the June quarter of $283.4b. The largest decreases were in shares, $4.6b (13%); assets overseas, $3.8b (10%); units in trusts, $1.8b (2%); and other financial assets, $0.6b (9%). These were partially offset by an increase in short term securities, $0.4b (15%). Cross investment within public offer (retail) unit trusts was $31.5b , down $1.8b (5%) on the previous quarter. Investor funds decreased $9.1b (4%) to $209.4b; loans and placements decreased $2.1b (6%) to $33.0b; while debt securities issued increased $0.8b (13%) to $7.2b. Friendly societies At 30 September 2011, total unconsolidated assets of friendly societies were $6.2b, down $0.1b (1%) on the previous quarter. Common funds At 30 September 2011, total unconsolidated assets of common funds were $8.1b, down $0.1b (2%) on the previous quarter. Cash management trusts At 30 September 2011, the total unconsolidated assets of cash management trusts were $24.1b, a decrease of $0.2b (1%) on the June quarter 2011 figure of $24.2b. The major decreases were bank certificates of deposit, $1.7b (15%); and bonds, etc., $0.3b (21%). These were partially offset by increases in deposits accepted by banks, $1.6b (39%); and bills of exchange accepted by banks, $0.3b (30%). Cross investment within cash management trusts was $1.3b at September 2011, virtually unchanged from the previous quarter. Investor funds decreased $0.1b (0%) to $24.0b. RESIDENT INVESTMENT MANAGERS Source of funds under management At 30 September 2011 total funds under management was $1,180.6b, a decrease of $53.9b (4%) on the June quarter 2011 figure of $1,234.4b. At 30 September 2011, the value of funds under management on behalf of managed funds institutions was $797.5b, a decrease of $35.6b (4%) on the June quarter 2011 figure of $833.2b. Decreases were recorded in the value of funds under management on behalf of superannuation funds, $22.9b (4%); and public offer (retail) unit trusts, $12.4b (10%). Cash management trusts increased $0.4b (3%). At 30 September 2011, the value of funds under management on behalf of sources other than managed funds was $319.7b, a decrease of $17.6b (5%) on the June quarter 2011 figure of $337.3b. Decreases were recorded in funds under management on behalf of wholesale financial trusts, $8.2b (6%); other investment managers, $4.1b (35%); other sources, $2.5b (9%); state and local government, $1.9b (4%); non-government trading corporations, $1.1b (5%); and national government, $0.5b (1%). These were partially offset by an increase in funds under management on behalf of general insurance, $0.5b (2%). The value of funds under management on behalf of overseas sources at 30 September 2011 was $63.3b, a decrease of $0.6b (1%) on the June quarter 2011 figure of $63.9b.
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