5655.0 - Managed Funds, Australia, Sep 2019  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 12/12/2019   
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ANALYSIS


MANAGED FUNDS INDUSTRY

At 30 September 2019, the managed funds industry had $3,874.0b funds under management, an increase of $87.8b (2.3%) on the June quarter 2019 figure of $3,786.3b. Increases were recorded in consolidated assets of managed funds institutions, $74.2b (2.5%); funds managed by Australian investment managers on behalf of Australian entities other than  managed funds institutions, $9.8b (1.5%); and funds managed by Australian investment managers on behalf of overseas investors, $4.2b (3.3%).

The following diagram shows the total value of the managed funds industry at 30 September 2019 and the relationship between the various components of the industry:

September quarter 2019 Managed Funds

September quarter 2019 Managed Funds diagram


MANAGED FUNDS INSTITUTIONS

Consolidated assets of managed funds institutions

At 30 September 2019, the consolidated assets of managed funds institutions were $3,092.0b, an increase of $74.2b (2.5%) on the June quarter 2019 figure of $3,017.8b.

Total Consolidated Assets
Graph: This graph shows the percentage growth of consolidated assets of managed funds institutions.



Consolidated assets by types of asset

The asset types that increased were overseas assets, $30.4b (5.3%); units in trusts, $17.7b (2.1%); shares, $13.2b (2.5%); deposits, $6.3b (2.4%); land, buildings and equipment, $6.3b (2.1%); bonds, etc., $4.7b (4.2%); loans and placements, $1.6b (3.8%); derivatives, $1.3b (3.8%); and other non-financial assets, $0.3b (0.8%). These were partially offset by decreases in short term securities, $7.2b (8.3%); and other financial assets, $0.3b (0.1%). 

Managed funds institutions, quarterly change in assets
Graph: Survey of Financial Information



UNCONSOLIDATED ASSETS

Life insurance corporations

Some aggregate statistics for Life Insurance corporations that are usually released in this publication have been suppressed to protect the confidentiality of data providers.

Published life insurance asset classes that recorded increases were loans and placements, $1.4b (25.6%); bonds, etc., $0.9b (3.7%); other financial assets, $0.8b (13.3%); deposits, $0.3b (5.3%); assets overseas, $0.1b (0.4%). Decreases were recorded in short term securities, $1.5b (42.1%); other non-financial assets, $0.3b (11.8%).




Superannuation (pension) funds

At 30 September 2019, total unconsolidated assets of superannuation funds were $2,995.8b, an increase of $81.1b (2.8%) on the June quarter 2019 figure of $2,914.7b.

Increases were recorded in assets overseas, $29.0b (5.9%); units in trusts, $28.2b (2.7%); shares, $15.6b (3.3%); deposits, $6.1b (2.6%); land, buildings and equipment, $4.6b (2.8%); bonds, etc., $2.8b (3.9%); derivatives, $0.5b (1.8%); other non-financial assets, $0.5b (1.8%). These were partially offset by a decrease in short term securities, $5.1b (9.3%). Loans and placements were flat.

Superannuation (pension) funds
Graph: This graph shows the percentage growth of superannuation (pension) funds' assets.



Public offer (retail) unit trusts

At 30 September 2019, total unconsolidated assets of public offer (retail) unit trusts were $399.4b, an increase of $8.5b (2.2%) on the June quarter 2019 figure of $390.9b.

Increases were recorded in units in trusts, $3.6b (4.0%); shares, $1.9b (5.1%); land, buildings and equipment, $1.7b (1.2%); assets overseas, $1.4b (2.5%); bonds, etc., $0.7b (6.5%); derivatives, $0.6b (14.8%); loans and placements, $0.4b (1.2%); short term securities, $0.1b (3.1%); and other non-financial assets, $0.1b (2.1%). These were partially offset by decreases in other financial assets, $1.5b (20.9%); and deposits, $0.4b (5.7%). 

Cross investment within public offer (retail) unit trusts was $36.1b, an increase of $1.4b (4.0%) compared to the June quarter 2019.

Public Offer (retail) Unit Trusts
Graph: This graph shows the percentage growth of public offer unit trusts' assets.



Friendly societies

At 30 September 2019, total unconsolidated assets of friendly societies were $7.8b, an increase of $0.1b (1.0%) on the June quarter 2019 figure of $7.7b.

Friendly societies
Graph: This graph shows the percentage growth of friendly societies' assets.



Common funds

Some aggregate statistics for common funds that are usually released in this publication have been suppressed to protect the confidentiality of data providers.


Cash management trusts

At 30 September 2019, total unconsolidated assets of cash management trusts were $39.4b, an increase of $0.1b (0.3%) on the June quarter 2019 figure of $39.3b.

Increases were recorded in bonds, etc., $0.3b (8.7%) and deposits, $0.3b (2.7%). These were partially offset by a decrease in short term securities, $0.8b (3.1%). Derivatives, loans and placements, non-financial assets, other financial assets were flat.

Cash management trusts
Graph: This graph shows the percentage growth of cash management trusts' assets.



RESIDENT INVESTMENT MANAGERS

Source of funds under management

At 30 September 2019, total funds under management were $2,358.4b, an increase of $37.5b (1.6%) on the June quarter 2019 figure of $2,320.9b.

Funds under management on behalf of superannuation funds increased $26.0b (2.1%), cash management trusts increased $0.8b (4.9%), life insurance corporations increased $0.2b (0.2%), Public offer (retail) unit trusts decreased $3.6b (2.8%).

At 30 September 2019, the value of funds under management on behalf of sources other than managed funds was $664.8b, an increase of $9.8b (1.5%) on the June quarter 2019 figure of $655.1b.

Increases were recorded in funds under management on behalf of wholesale financial trusts, $5.4b (1.7%); national government, $4.0b (3.5%); other investment managers, $0.4b (3.4%); government compensation schemes, $0.2b (0.6%); charities, $0.1b (8.3%). These were partially offset by decreases in state and local government, $1.3b (2.5%); general insurance, $0.4b (1.0%).

The value of funds under management on behalf of overseas sources at 30 September 2019 was $130.1b, an increase of $4.2b (3.3%) on the June quarter 2019 figure of $125.9b.

Assets of Managed Funds - September Quarter 2019

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

September Quarter 2019
Life insurance corporations
126 418
np
np
Superannuation (pension) funds
1 293 290
1 702 514
2 995 804
Public offer (retail) unit trusts
123 541
275 847
399 388
Friendly societies
np
np
7 801
Common funds
np
9 378
np
Cash management trusts
17 112
22 330
39 442
Total
1 563 500
2 095 133
3 658 632

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