5655.0 - Managed Funds, Australia, Jun 2017  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/09/2017   
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JUNE KEY FIGURES

Mar Qtr 2017
Jun Qtr 2017
$m
$m

Total managed funds industry
2 892 426
2 971 596
Consolidated assets total managed funds institutions
2 296 261
2 377 146
Cross invested assets between managed funds institutions
520 912
527 121
Unconsolidated assets total managed funds institutions
2 817 173
2 904 267
Life insurance corporations
227 446
228 982
Superannuation (pension) funds
2 216 397
2 299 112
Public offer (retail) unit trusts
322 081
324 223
All other managed funds institutions
51 249
51 949


Managed Funds
Graph: This graph shows the value of the managed funds industry and the consolidated assets of total managed funds institutions.

Unconsolidated Assets, by type of institution
Graph: This graph shows the unconsolidated assets of life insurance corporations, superannuation (pension) funds, public offer (retail) unit trusts and other managed funds institutions.




JUNE KEY POINTS


TOTAL MANAGED FUNDS INDUSTRY
  • At 30 June 2017, the managed funds industry had $2,971.6b funds under management, an increase of $79.2b (3%) on the March quarter 2017 figure of $2,892.4b.
  • The main valuation effects that occurred during the June quarter 2017 were as follows: the S&P/ASX 200 decreased 2.4%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 3.6%; and the A$ appreciated 0.6% against the US$.


CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
  • At 30 June 2017, the consolidated assets of managed funds institutions were $2,377.1b, an increase of $80.9b (4%) on the March quarter 2017 figure of $2,296.3b.
  • The asset types that increased were deposits, $31.2b (10%); short term securities, $13.9b (11%); shares, $10.4b (1%); land, buildings and equipment, $9.5b (4%); other financial assets, $8.4b (24%); units in trusts, $3.2b (2%); overseas assets, $3.0b (1%); bonds, etc., $1.4b (1%); and loans and placements, $0.1b (0%). These were partially offset by decreases in derivatives, $0.1b (2%). Other non-financial assets were flat.


CROSS INVESTED ASSETS
  • At 30 June 2017, there were $527.1b of assets cross invested between managed funds institutions.


UNCONSOLIDATED ASSETS
  • At 30 June 2017, the unconsolidated assets of superannuation (pension) funds increased $82.7b (4%), public offer (retail) unit trusts increased $2.1b (1%), life insurance corporations increased $1.5b (1%), cash management trusts increased $0.5b (2%), and friendly societies increased $0.1b (2%). Common funds were flat.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2017 30 November 2017
December 2017 8 March 2018
March 2018 7 June 2018
June 2018 6 September 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 June quarter 2013.
  • Table 5 Public offer (retail) unit trusts - revised back to the December quarter 2016.
  • Table 6 Friendly societies - revised back to the March quarter 2017.
  • Table 7 Common funds - no revisions.
  • Table 8 Cash management trusts - no revisions.
  • Table 9 Resident investment managers - revised back to the June quarter 2013.


SUPERANNUATION DATA

As the ABS has previously advised, the Australian Prudential Regulation Authority (APRA) introduced an enhanced set of reporting forms for Registerable 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 has continued to be applied in this release.

In the next release of this publication for September 2017, an additional superannuation data collection by APRA, which satisfies the conceptual and definitional requirements of the ABS, will be incorporated. Affected series will be revised for all periods where improved data for Registerable Superannuation Entities are available.

As highlighted in the explanatory notes of this publication, superannuation data for APRA regulated funds is supplemented by estimates of self-managed superannuation funds (SMSFs) regulated by the ATO. These estimates are compiled from the ATO's Self-managed Superannuation Fund Annual Return although they are not separately published. For this June 2017 release, the ABS has used additional indicators to reflect the impact on the June quarter 2017 SMSF's estimates of changes to the superannuation taxation system starting from 1 July 2017.

Users are advised to continue exercising caution when using superannuation data in this publication.


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INQUIRIES

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