5655.0 - Managed Funds, Australia, Mar 2017  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 08/06/2017   
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MARCH KEY FIGURES

Dec Qtr 2016
Mar Qtr 2017
$m
$m

Total managed funds industry
2 843 310
2 872 331
Consolidated assets total managed funds institutions
2 239 889
2 276 166
Cross invested assets between managed funds institutions
500 797
514 404
Unconsolidated assets total managed funds institutions
2 740 686
2 790 570
Life insurance corporations
227 116
225 097
Superannuation (pension) funds
2 143 104
2 195 624
Public offer (retail) unit trusts
318 422
318 634
All other managed funds institutions
52 045
51 215


Managed Funds
Graph: Managed Funds

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




MARCH KEY POINTS


TOTAL MANAGED FUNDS INDUSTRY
  • At 31 March 2017, the managed funds industry had $2,872.3b funds under management, an increase of $29.0b (1%) on the December quarter 2016 figure of $2,843.3b.
  • The main valuation effects that occurred during the March quarter 2017 were as follows: the S&P/ASX 200 increased 3.5%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 5.7%; and the A$ appreciated 5.6% against the US$.


CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
  • At 31 March 2017, the consolidated assets of managed funds institutions were $2,276.2b, an increase of $36.3b (2%) on the December quarter 2016 figure of $2,239.9b.
  • The asset types that increased were shares, $19.7b (3%); overseas assets, $9.6b (2%); deposits, $3.8b (1%); short term securities, $2.9b (2%); other financial assets, $2.6b (8%); units in trusts, $2.5b (2%); and land, buildings and equipment, $1.1b (0%). These were partially offset by decreases in bonds, etc., $5.5b (4%); other non-financial assets, $0.2b (2%); and derivatives, $0.2b (5%). Loans and placements were flat.


CROSS INVESTED ASSETS
  • At 31 March 2017, there were $514.4b of assets cross invested between managed funds institutions.


UNCONSOLIDATED ASSETS
  • At 31 March 2017, the unconsolidated assets of superannuation (pension) funds increased $52.5b (2%), common funds increased $0.3b (3%) and public offer (retail) unit trusts increased $0.2b (0%). Life insurance corporations decreased $2.0b (1%) and cash management trusts decreased $1.1b (3%). Friendly societies were flat.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2017 7 September 2017
September 2017 30 November 2017
December 2017 8 March 2018
March 2018 7 June 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 December quarter 2016.
  • Table 4 Superannuation (pension) funds - revised back to the March quarter 2015.
  • Table 5 Public offer (retail) unit trusts - revised back to the December quarter 2016.
  • Table 6 Friendly Societies - no revisions.
  • Table 7 Common funds - no revisions.
  • Table 8 Cash management trusts - no revisions.
  • Table 9 Resident Investment Managers - revised back to the March quarter 2015.


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.


PRIVACY

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INQUIRIES

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