SEPTEMBER KEY FIGURES
Jun Qtr 2016
Sep Qtr 2016
|Total managed funds industry |
2 715 453
2 774 471
|Consolidated assets total managed funds institutions |
2 137 537
2 182 793
|Cross invested assets between managed funds institutions |
|Unconsolidated assets total managed funds institutions |
2 682 954
2 672 813
|Life insurance corporations |
|Superannuation (pension) funds |
2 023 665
2 079 959
|Public offer (retail) unit trusts |
|All other managed funds institutions |
SEPTEMBER KEY POINTS
TOTAL MANAGED FUNDS INDUSTRY
by type of institution
CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
- At 30 September 2016, the managed funds industry had $2,774.5b funds under management, an increase of $59.0b (2%) on the June quarter 2016 figure of $2,715.5b.
- The main valuation effects that occurred during the September quarter 2016 were as follows: the S&P/ASX 200 increased 3.9%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 4.3%; and the A$ appreciated 2.7% against the US$.
CROSS INVESTED ASSETS
- At 30 September 2016, the consolidated assets of managed funds institutions were $2,182.8b, an increase of $45.3b (2%) on the June quarter 2016 figure of $2,137.5b.
- The asset types that increased were shares, $46.2b (8%); overseas assets, $41.2b (10%); bonds, etc., $10.5b (9%); deposits, $8.8b (3%); short term securities, $6.5b (6%); land, buildings and equipment, $3.0b (1%) and loans and placements, $0.8b (2%). These were partially offset by decreases in units in trusts, $65.2b (29%); other financial assets, $5.9b (14%); other non-financial assets, $0.4b (4%) and derivatives, $0.3b (7%).
- At 30 September 2016, there were $490.0b of assets cross invested between managed funds institutions.
- At 30 September 2016, the unconsolidated assets of superannuation (pension) funds increased $56.3b (3%), cash management trusts increased $1.5b (4%), public offer (retail) unit trusts increased $1.2b (0%), friendly societies increased $0.3b (4%) and common funds increased $0.2b (2%). Life insurance corporations decreased $69.7b (24%).
|ISSUE (QUARTER) ||Release Date|
|December 2016 ||23 February 2017|
|March 2017 ||25 May 2017|
|June 2017 ||31 August 2017|
|September 2017 ||30 November 2017|
The ABS proposes to move the release date of Managed Funds from the December 2016 quarter onwards to align closer to the release of Australian National Accounts: Finance and Wealth (cat. no. 5232.0). Dependant on feedback, future release dates will be three weeks prior to the release of Australian National Accounts: Finance and Wealth, with the exception of September quarters which will be released two weeks prior. The proposed new date for the December 2016 quarter release is 9 March 2017. The ABS invites any feedback on this change to be sent to firstname.lastname@example.org.
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 June quarter 2016.
- Table 4 Superannuation (pension) funds - revised back to the September quarter 2014.
- Table 5 Public offer (retail) unit trusts - revised back to the June quarter 2010.
- Table 6 Friendly Societies - no revisions.
- Table 7 Common funds - no revisions.
- Table 8 Cash management trusts - revised back to the June quarter 2016.
- Table 9 Resident Investment Managers - revised back to the September quarter 2014.
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.
outlines how the ABS will handle any personal information that you provide to the ABS.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.