5655.0 - Managed Funds, Australia, Sep 2014  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/11/2014   
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ANALYSIS


MANAGED FUNDS INDUSTRY

At 30 September 2014, the managed funds industry had $2,439.5b funds under management, an increase of $26.6b (1%) on the June quarter 2014 figure of $2,412.8b. Increases were recorded in consolidated assets of managed funds institutions, $20.0b (1%); funds managed by Australian investment managers on behalf of overseas investors, $3.4b (4%); and funds managed by Australian investment managers on behalf of Australian entities other than managed funds institutions, $2.9b (1%).

Diagram: Total Managed Funds Industry diagram


MANAGED FUNDS INSTITUTIONS

Consolidated assets of managed funds institutions

At 30 September 2014, the consolidated assets of managed funds institutions were $1,922.7b, an increase of $20.0b (1%) on the June quarter 2014 figure of $1,902.7b.

Total Consolidated Assets
Graph: Total Consolidated Assets



Consolidated assets by types of asset

The asset types that increased were overseas assets, $16.8b (5%); deposits, $4.4b (2%); short term securities, $2.5b (3%); units in trusts, $2.3b (1%); land, buildings and equipment, $0.6b (0%); and shares, $0.1b (0%). These were partially offset by decreases in other financial assets, $5.8b (16%); bonds, etc., $0.5b (0%); other non-financial assets, $0.2b (2%); and loans and placements, $0.2b (0%). Derivatives were flat.

Managed funds institutions assets
Graph: Managed funds institutions assets



UNCONSOLIDATED ASSETS

Life insurance corporations

At 30 September 2014, total unconsolidated assets of life insurance corporations were $284.1b, an increase of $3.0b (1%) on the June quarter 2014 figure of $281.2b.

Increases were recorded in units in trusts, $4.8b (2%); other financial assets, $1.4b (26%); assets overseas, $0.2b (3%); loans and placements, $0.2b (10%). These were partially offset by decreases in deposits, $2.3b (19%); short term securities, $0.7b (13%); bonds, etc., $0.4b (2%); and shares, $0.2b (1%). Derivatives, other non-financial assets, and land, buildings and equipment were flat.

Cross investment within life insurance corporations was $0.8b which was flat compared to the June quarter 2014.

Net policy liabilities was $243.7b, an increase of $1.9b (1%) compared to the June quarter 2014.

Life Insurance Corporations
Graph: Life Insurance Corporations



Superannuation (pension) funds

At 30 September 2014, total unconsolidated assets of superannuation funds were $1,789.3b, an increase of $24.3b (1%) on the June quarter 2014 figure of $1,765.0b.

Increases were recorded in assets overseas, $15.9b (5%); units in trusts, $8.9b (4%); deposits, $5.6b (2%); short term securities, $3.3b (6%); land, buildings and equipment, $1.3b (1%); bonds, etc., $1.1b (2%); and loans and placements, $0.2b (3%). These were partially offset by decreases in net equity of pension funds in life office reserves, $6.4b (3%); other financial assets, $3.5b (15%); and derivatives, $2.0b (39%). Other non-financial assets, and shares were flat.

Superannuation (Pension) funds
Graph: Superannuation (Pension) funds



Public offer (retail) unit trusts

At 30 September 2014, total unconsolidated assets of public offer (retail) unit trusts were $296.2b, an increase of $1.9b (1%) on the June quarter 2014 figure of $294.2b.

Increases were recorded in units in trusts, $3.6b (5%); shares, $0.6b (2%); and assets overseas, $0.6b (2%). These were partially offset by decreases in other financial assets, $1.7b (27%); land, buildings and equipment, $0.7b (1%); loans and placements, $0.4b (1%); and deposits, $0.1b (3%). Short term securities, other non-financial assets, derivatives, and bonds, etc. were flat.

Cross investment within public offer (retail) unit trusts was $34.6b, an increase of $3.3b (10%) compared to the June quarter 2014.

Public Offer Unit Trusts
Graph: Public Offer Unit Trusts



Friendly societies

At 30 September 2014, total unconsolidated assets of friendly societies were $6.7b, an increase of $0.1b (1%) on the June quarter 2014 figure of $6.6b.

Friendly societies
Graph: Friendly societies



Common funds

At 30 September 2014, total unconsolidated assets of common funds were $7.7b, an increase of $0.2b (2%) on the June quarter 2014 figure of $7.5b.

Common funds
Graph: Common funds



Cash management trusts

At 30 September 2014, total unconsolidated assets of cash management trusts were $23.5b, an increase of $0.6b (2%) on the June quarter 2014 figure of $22.9b.

An increase was recorded in deposits, $1.5b (22%). This was partially offset by decreases in bonds, etc., $0.8b (51%); and equities, $0.1b (10%). Short term securities, non-financial assets, derivatives, loans and placements, and other financial assets were flat.

Cross investment within cash management trusts was $0.6b which was flat compared to the June quarter 2014.

Cash management trusts
Graph: Cash management trusts



RESIDENT INVESTMENT MANAGERS

Source of funds under management

At 30 September 2014, total funds under management were $1,619.1b, an increase of $23.4b (1%) on the June quarter 2014 figure of $1,595.7b.

Funds under management on behalf of superannuation funds increased $16.0b (2%), common funds increased $0.9b (21%), public offer (retail) unit trusts increased $0.8b (1%), and cash management trusts increased $0.2b (1%). Life insurance corporations decreased $0.9b (1%). Friendly societies were flat.

At 30 September 2014, the value of funds under management on behalf of sources other than managed funds was $440.1b, an increase of $2.9b (1%) on the June quarter 2014 figure of $437.2b.

Increases were recorded in funds under management of behalf of national government, $2.4b (3%); other sources, $0.6b (1%); wholesale financial trusts, $0.4b (0%); non-government trading corporations, $0.3b (2%); and government compensation schemes, $0.1b (1%). These were partially offset by decreases in other investment managers, $0.3b (3%); general insurance, $0.3b (1%); and state and local government, $0.2b (0%). Charities were flat.

The value of funds under management on behalf of overseas sources at 30 September 2014 was $87.0b, an increase of $3.4b (4%) on the June quarter 2014 figure of $83.7b.

Assets of Managed Funds, at 30 September 2014

Assets invested through investment managers
Assets invested directly
Unconsolidated assets of managed funds
$m
$m
$m

Life insurance corporations
163 815
120 331
284 146
Superannuation (pension) funds
780 656
1 008 662
1 789 318
Public offer (retail) unit trusts
122 852
173 304
296 156
Friendly societies
np
np
6 660
Common funds
np
np
7 718
Cash management trusts
18 277
5 187
23 464
Total
1 091 956
1 315 505
2 407 462

np not available for publication but included in totals where applicable, unless otherwise indicated