Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
5655.0 - Managed Funds, Australia, Sep 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 28/11/2003   
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

SEPTEMBER QTR KEY FIGURES


CONSOLIDATED ASSETS(a)
September Qtr
June Qtr
September Qtr
2002
2003
2003
$m
$m
$m

Superannuation funds
285,061
310,533
319,717
Life insurance offices(b)
169,945
160,690
167,545
Other managed funds
174,951
177,454
184,139
Total
629,957
648,677
671,401

(a) See the note 'Method of consolidation' below.
(b) Investments by superannuation funds which are held and administered by life insurance offices are included under life insurance offices.
Graph - Managed Funds, Total consolidated assets


SEPTEMBER QTR KEY POINTS

CONSOLIDATED ASSETS
  • Total consolidated assets of managed funds institutions was $671.4b at 30 September 2003, an increase of $22.7b (4%) from the revised June quarter 2003 figure. This increase mainly reflected increases in asset values for the quarter. During the September quarter 2003, the ASX All Ordinaries Index increased by 5%. The price of foreign shares (represented by the US S&P 500) increased by 2%, offset by a 2% appreciation of the $A against the $US. Domestic bond prices softened during the quarter with the 5 year Treasury Bond yield increasing by 0.4 percentage points.
  • Consolidated assets of superannuation funds, life offices, and public unit trusts experienced increases of $9.2b (3%), $6.9b (4%), and $6.7 (5%) respectively, while cash management trusts consolidated assets decreased by $0.4b (1%). Assets of common funds and friendly societies remained virtually the same.
  • The major asset movements for the quarter were in equities and units in trusts, up $23.8b (11%), assets overseas, up $3.9b (3%), long term securities, down $3.1b (5%), and cash and deposits, down $1.3b (3%).
  • Investment managers had $671b in funds under management, up $21.5b (3%) from the revised June quarter 2003 figure. They managed $461.3b (69%) of consolidated managed funds' assets, the proportion remaining unchanged from June 2002.

NOTES

CHANGES IN THIS ISSUE

There are no changes in this issue..

REVISIONS THIS ISSUE

There have been revisions in many series as a result of quality assurance work undertaken with data providers. In particular revisions have been made to: cash
management trusts (revised back to November 1996 as a result of coverage checks) and life insurance (revised back to March 1998 in respect of classification to financial instrument).

In consultation with the Australian Prudential Regulatory Authority (APRA) and the Australian Taxation Office (ATO) total assets and the asset profile of small and medium superannuation funds has been adjusted and revised back to September 1995 to reflect analysis of the annual regulatory returns to ATO and APRA. The data for ATO regulated funds and small and medium APRA funds in this publication are consistent with the revised data published by APRA in June 2003 reference quarter edition of Super Trends (see www.apra.gov.au/statistics).

ROUNDING

Discrepancies may occur between sums of the component items and totals due to rounding.


ABBREVIATIONS

ABSAustralian Bureau of Statistics
bbillion (one thousand million)


FURTHER INFORMATION

For further information about these and related statistics, contact Amanda Seneviratne on Canberra 02 6252 7489, or the National Information and Referral Service on 1300 135 070.


MANAGED FUNDS: ADDITIONAL TABLES ON AUSSTATS

The tables below are available from the AusStats service on this website by selecting Time Series Spreadsheets and then Finance.
5a. Friendly societies, unconsolidated assets
5b. Friendly societies, liabilities
9a. Public unit trusts, total assets by type of trust
9b. Public unit trusts, total assets by type of asset
9c. Public unit trusts, liabilities and unit holders' funds
9d. Public unit trusts, financial operations
10a. Listed property trusts, assets
10b. Listed property trusts, liabilities and unit holders' funds
10c. Listed property trusts, financial operations
11a. Listed equity trusts, assets
11b. Listed equity trusts, liabilities and unit holders' funds
11c. Listed equity trusts, financial operations
12a. Listed mortgage trusts, assets
12b. Listed mortgage trusts, liabilities and unit holders' funds
12c. Listed mortgage trusts, financial operations
13a. Unlisted property trusts, assets
13b. Unlisted property trusts, liabilities and unit holders' funds
13c. Unlisted property trusts, financial operations
14a. Unlisted equity trusts, assets
14b. Unlisted equity trusts, liabilities and unit holders' funds
14c. Unlisted equity trusts, financial operations
15a. Unlisted mortgage trusts, assets
15b. Unlisted mortgage trusts, liabilities and unit holders' funds
15c. Unlisted mortgage trusts, financial operations
16a. Unlisted other trusts, assets
16b. Unlisted other trusts, liabilities and unit holders' funds
16c. Unlisted other trusts, financial operations
17a. Cash common funds, assets
17b. Cash common funds, liabilities
17c. Cash common funds, deposits and withdrawals
17d. Cash common funds, maturity and dissection of assets
18a. Non-cash common funds, assets
18b. Non-cash common funds, liabilities
18c. Non-cash common funds, deposits and withdrawals

MANAGED FUNDS: Consolidated Assets


BY TYPE OF INSTITUTION

At 30 September 2003, consolidated assets of superannuation funds was $319.7b, up $9.2b (3%) since June 2003. Consolidated assets of life insurance offices was $167.5b, up $6.9b (4%), public unit trusts was $141.0b, up $6.7b (5%) and common funds was $9.0b, up $0.4b (4%). The consolidated assets of cash management trusts was $29.7b, down $0.4b (1%) and friendly societies was $4.5b, virtually unchanged since June 2003.
Graph - Managed Funds, by type of institution


BY TYPE OF ASSET

During the quarter equities and units in trusts increased $23.8b (11%), assets overseas, $3.9b (3%) and loans and placements, $0.6b (2%). There were decreases in long term securities of $3.1b (5%), cash and deposits, $1.3b (3%) and land and building, $0.9b (1%).
Graph - Managed Funds, by type of asset

CROSS INVESTMENT

The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 September 2003.



Unconsolidated
Cross-invested
Consolidated
assets
assets
assets
Type of fund
$m
$m
$m

Life insurance offices
197,759
30,213
167,545
Superannuation funds
385,871
66,153
319,717
Public unit trusts
165,907
24,924
140,983
Friendly societies
6,138
1,608
4,530
Common funds
9,279
314
8,965
Cash management trusts
29,660
-
29,660
Total
794,613
123,212
671,401



MANAGED FUNDS: Unconsolidated Assets


LIFE INSURANCE OFFICES

At 30 September 2003, the total assets of life insurance offices stood at $197.8b, an increase of $5.7b since June 2003. Holdings of equities and units in trusts increased by $11.7b (11.3%), of which units in trusts increased by $10.4b (15.3%). Major decreases were in long term securities of $3.2b (12.1%), loans and placements of $0.9b (25%) and short term securities of $0.2b (1.3%). Assets held overseas decreased by $1.9b (8.9%).
Graph - Managed Funds, Life Insurance Offices

SUPERANNUATION FUNDS

The total assets of superannuation funds held outside of life offices was $385.9b at 30 September 2003, an increase of $10.8b (3%) since June 2003. Holdings of equities and units in trusts increased by $6.3b (4%). Of this, trading corporation shares increased by $3.3b (5%), financial sector shares increased by $1.2b (4%) and units in trusts increased by $1.8b (3%). Assets held overseas increased by $4.4b (6%) to $78.6b to account for 20% of total assets. Loans and placements increased by $1.3b (9%) and holdings of long term securities increased by $0.2b (1%). Cash and deposits, short term securities, other financial assets and land and buildings had marginal decreases since June 2003.
Graph - Managed Funds, Superannuation Funds

PUBLIC UNIT TRUSTS

The total assets for public unit trusts was $165.9b at 30 September 2003, an increase of $4.9b (3%) since June 2003. The major increases were in equities and units in trusts, up $5.1b (8%), and assets overseas, up $1.4b (6%) on June 2003. There were decreases in short term securities of $0.9b (22%), other financial assets, $0.9b (26%), land and building, $0.5b (1%) and long term securities, $0.2b (7%).
Graph - Managed Funds, Public Unit Trusts

FRIENDLY SOCIETIES

Total assets of friendly societies was $6.1b at 30 September 2003, virtually unchanged since June 2003. At the end of the quarter, equities and units in trusts stood at $1.8b, long term securities at $1.4b and short term securities at $1.3b. Together they accounted for 72% of total assets.
Graph - Managed Funds, Friendly Societies

COMMON FUNDS

Total assets of common funds was $9.3b at 30 September 2003, an increase of $0.4b (4%) since June 2003. Loans and placements, short term securities and long term securities all increased by $0.1b . There was a decrease in holdings of land and buildings. Short term securities accounted for 45% of total assets.
Graph - Managed Funds, Common Funds

CASH MANAGEMENT TRUSTS

Total assets of cash management trusts was $29.7b at 30 September 2003, a decrease of $0.4b (1%) on the revised June 2003 figure. Cash and deposits decreased by $1.2b (30%) while short term securities increased by $0.8b (4%). Long term securities remained virtually unchanged since June 2003. Short term securities accounted for 81% of total assets.
Graph - Managed Funds, Cash Management Trusts

MANAGED FUNDS - INVESTMENT MANAGERS


SOURCE OF FUNDS UNDER MANAGEMENT

During September quarter 2003 there was an increase in total funds under management by investment managers of $21.5b (3%), bringing the total funds under management to $671.4b. The value of funds under management on behalf of public unit trusts increased by $4.6b (5%), superannuation funds increased by $4.6b (2%) and life insurance increased $1.5b (1%). During the quarter the value of funds under management on behalf of other sources increased $9.2b (5%). Of this, the largest increase was funds under management on behalf other investment managers, $3.7b (8%). There were increases also in the value of funds under management on behalf of trusts other than public unit trusts, $3.4b (4%) and general insurance, $2.4b (10%). The value of funds under management on behalf of overseas sources increased to $17.9b following an $1.2b (7%) increase from the previous quarter.

Continuing merger activity has resulted in changed reporting arrangements for some fund managers. The ABS continues to work with the relevant fund managers to clarify theses changes in reporting and assess their impact on the estimates.

The value of managed funds assets invested through investment managers was $461.3b at 30 June 2003, representing 69% of the consolidated assets of managed funds.
Graph - Managed Funds, Source of funds under management


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.